I can't help it. It has to be done.
They may not get along, but they have worked together (sort of) when really, absolutely necessary.

So far I have this:
Lobo + Auto Regen = 219
Batman (JL) = 75

That leaves 6 points; here are the feats I'm looking at:
Double-Time - would be handy on Lobo, even if you can't make an attack while using it.
Endurance - again, probably on Lobo because of his regeneration for when the damage does inevitably hit
Flashbang - maybe on Batman, but I really can't see much use for it here.
Lucky Break - On Lobo or Bats? Might be up to a coin flip.
And Stay Down! - again, might help Lobo out on his EW clicks. A bit iffy though; I'd rather have something with a more definite benefit.
Nanoarmor - Nice, but I don't see myself owning this feat anytime soon.

There are other possibilities, of course - like maybe using Starter Batman and loading up on more feats... or maybe even some other Batman, although the point cost on most doesn't allow room for Auto-Regen, which is pretty much a must-have, imo. Plus the only cheaper ones I have than the JL are Starter E and Origins U.

Before anyone else says it - yes, I know this likely won't be winning any events... that's not the point here.

looks good the only thing is that lobo cant get lucky break on lobo because hes a transporter

Actually, he has the ordinary Boot when he's Earthbound-- but that does mean he could only use the feat on his Earthbound clicks.

Given that you'll be at an action disadvantage, Willpower might make the R Icons Batman appealing-- he'd fit without any changes, leaving you with two points.

he loses the transporter ability when he is earthbound?

Lobo only costs 107 points?

i think lucky break only works on boot speed figures, so no lobo there

He could equip it, as he has Earthbound later. He just couldn't use it until he hit those clicks.

And yeah, Earthbound makes him a nonflier, non-transporter.

Oh gee, look at that... seems that one of my two typing fingers slightly missed its target...

Yes, Lobo is a transporter and initially can't use Lucky Break... but the mid-dial earthbound clicks are likely to be in play more often than not, after taking damage and regenerating.
Which brings up the question of using Double-Time... but that would be more likely used for initial positioning, so it's not that painful. He's a tough one to equip with some feats, since his dial is pretty colourful; his prerequisites take a bit of consideration as to what he can use when.