In the luatex distribution and the repository, there is a toplevel file
called INSTALL. This explains how to build luatex (albeit briefly).
I'll try when I have time. I don't have regular acces to the Internet, so I downloaded the source and then read the readme files at home. That is why I hadn't seen the INSTALL. Please, do not believe that the first thing I do is just asking.
But that just for your information, the luatex source code is almost
certainly not the cause of luatex's inability to find and load
ec-lmr12.tfm.
Not so sure, pdftex generates the format without problem. Anyway, debuggin it will help me find the problem, be it LuaTex fault or mine.
Best wishes,
Taco