You will hear that we can’t make bombs out of U-233 because it is a virulent gamma-ray emitter. This is not true, and I find it curious that it is used as a reason. U-233 has a 158,000-year half-life. What they are referring to is the protactinium-233 contaminant, which has a 27-day half-life, beta-decaying into U-233 with gamma-ray involvement. Chemically scrub the protactinium, of course, or just wait a year and it will be gone.
How hard this would be to separate depends on the type of LFTR design you're using. However, you could also include some thorium-230 in the fuel mix to denature any protactinium produced, so there's really no way around having U-232 mixed with the bred U-233. Here's a blog post with more details on the entire process:
http://energyfromthorium.com/2006/10/06/denaturing-thorium-w...
Now, hypothetically, a country like Iran could develop a fast reactor that's optimized for producing plutonium for military purposes, but practically this would be much more difficult than developing a heavy water reactor like the U.S. used at Savannah River.
The isotope which is most problematic in commercial fuel cycles would actually be Np237. It's easy to separate Np chemically from other elements, and Np237 is longer lived than other isotopes of Np, so it can be prepared in a very pure form. Np237 has a low spontaneous fission cross section and a critical mass close to pure U235 -- it would be an attractive material for primitive gun-type bombs.
Note that Np237 is produced from U235 by the chain of absorbing two neutrons, making U237, and then beta decay to Np237. A plutonium-fueled or thorium-fueled reactor isn't going to make as much of it as our current reactors do.
Thorium is all around us. Adding a neutron to it to create uranium is no simple matter if one doesn't have a high flux neutron supply (such as a reactor).