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If you have installed the latest version of the Victoria 4.2 Base and the latest version of the Victoria 4.2 Powerloader then you can add the LoD's for Victoria 4 through the Powerloader Script.
First double click on the Victoria 4.2 icon and when the Powerloader script opens click on the Advanced tab followed by the Mesh Resolution tab.
Then check the boxes for which LoD you would like to add to the character.
After the model has finished loading you can access the LoD's on the bottom of the Parameter's tab under Mesh Resolution.
Click on the drop-down menu that says “Base” and select which LoD you want to change the model.