The South Australian entered the final round 6-under for the week and playing well but faltered in the final round, not making a single birdie and dropping four shots.
Particularly disappointing was a double bogey at the par-5 17th though there were plenty of positives to take form the rest of the week.
Lutterus was one of eight Australians to tee up in the Asian Tour event, Unho Park and Kevin Lee the only others to make the cut.
Park finished T45 at even par for the week while Lee was T62 at 7-over.
Kalem Richardson, David Gleeson, Marcus Both, Jordan Sherratt and Darren Tan all missed the weekend's action.
Headlines at a glance
What's on this week / 31st August - 06th September 2016
Find out what's on in the world of golf and which Aussies are in action this week.
Gibson just shy in Oregon
Rhein Gibson put up a brave fight but came up just short of earning a 2017 PGA TOUR card at the final full field event of the Web.com season...
Euro Senior Tour
Harwood continues hot streak
After a disappointing final round at the Scottish Senior Open last week Mike Harwood has bounced back in style to post a runner-up result at the Willo...