% cd /usr/local/lib/LispWorks
If the image will not run at this stage, it is probably not finding a valid key.
Saving the image takes some time.
You can now use the new
image by starting it just as you did the supplied image. The supplied image is not required after the configuration process has been successfully completed.
Do not try to save a new image over an image that is currently running. Instead, save an image under a unique name, and then, if necessary, replace the new image with the old one after the call to
LispWorks Release Notes and Installation Guide - 23 Dec 2011