I was thinking a little bit more about Love on Android. I think it would make sense to create Love APK that it could be shared among multiple games APKs. I am not sure if it is possible for native code, but for normal apps this can be achieved using Intents I guess.
It would work like this: I download a game that requires Love (let's call it G1.apk). If Love is not installed it would tell me to install Love first (LOVE.apk). If I install second game that requires Love (G2.apk) it would use Love framework from LOVE.apk so I don't end up having the same Love code included in all G1.apk, G2.apk etc.