I wouldn't think this would be a problem, but wanted to ask anyway.

Would adding a tool like Lookout to an Android phone in any way
interfere with Data Synchronizer's ability manage the phone?

I'd like to add anti-virus to some new phones, but Lookout appears to
require the use of their remote wipe/tracking feature. I don't want
that to interfere with the ability to use the remote wipe and security
policy requirements in Data Synchronizer.