It will be easy if you can think of the integration this way.SP is a client to livelink. So basically you can send Document libraries.sites etc form SP to LL.LL's projects can be viewed within standard web parts within SP.Also OT supplies a web part that looks and feels much like a standard Sharepoint Site/DL.
Take a look at the CLM offering at the opentext web site.I am sure you will find good info,power points etc.
The goal of most SP->LL is to archive content from SP's SQL based storage to more efficient LES/LEA storage.Many others run this integration also to benefit form LES's RM capabilities.If archiving was your sole concern you just need LEA.Judging from your posting about "projects" I think you have LES so LEA is not a must unless a lot of content needs to be stored efficiently.
Hope this helps and post your requirements in Linked In.A lot of good discussions in this front are happening there as well.
Well, if I called the wrong number, why did you answer the phone?
James Thurber, New Yorker cartoon caption, June 5, 1937
Certified OT Developer and probably certfiable,Livelink ECM Champion 2008