I can't set up a proper development environment (for Buildcraft Compat) with LP included as a dependency. If I pull in the dev jar, LP refuses to start up (I think its coremod isn't being loaded for some reason: http://pastebin.com/GWTfVSUV). If I put in the obfuscated jar, MC starts but the first time an obfuscated function is called MC crashes since that function's actually deobfuscated in my runtime (http://pastebin.com/5JANZRGV).

For the record - I have been able to set up a working LP environment. I can proceed with the work in LP rather than BuildcraftCompat, at least for now.

Have you put the Logistics Pipes Dummy jar in the Mods folder of your dev environment?

That did fix it, brilliant, thank you. Noting this in README.md would be helpful (I see something along these lines was removed in 5cec222)

Its actually stated in the Eclipse Log when youre launching the dev environment ;)