All you need to do is reduce the size of your Leopard partition, leaving enough free (unformatted) space for Lubuntu to automatically assign as /, home and swap as it sees fit. It also sets up yaboot which will give you a textual boot chooser on startup.
You still have the Apple boot screen available if needed when you hold the Option (Alt) key down at the bong, but yaboot works well and should be used by default.
I found this the easiest in my case because I still struggle with Linux on PPC, even though I've been dipping in and out since Redhat at the turn of the century
I would also recommend a complete backup of Leopard onto an external firewire drive if possible, using Carbon Copy Cloner, or at the very least a Time Machine backup to an external USB drive.
However nothing has ever gone wrong for me installing Linux alongside OS X
Cheers
Hugh