Usually I use a program called Terragen to convert OBJs into TGOs
Yes, it's that simple. Once you have loaded your OBJ, go to the node network, rightclick your OBJ, go to "Save Object File" and save as TGO. You can still edit your textures then, but don't forget to resave if wanted.
Anyway as far as I know in Poser (and I think DAZ studio or such may be similar) you can delete unwanted parts of your object. If you export only the things you need, your object file should be smaller.