The purpose of this study was to investigate the influence of the Ordered Subsets Expectation Maximization (OSEM) reconstruction updates implemented in the 177 Lu SPECT/CT imaging processing in molecular radiotherapy. A NEMA IEC Body Phantom TM was used to quantify activity in refillable spheres of five different sizes. Images were obtained with a hybrid dual-head SPECT-CT imaging system (Symbia T2, Siemens Medical System, Germany) with a clinical acquisition protocol, and reconstructed using a commercial 3D OSEM algorithm (Flash 3D). In the reconstruction process, different values of iterations and subsets were considered, along with a 3D Gaussian post-reconstruction filter and scatter and attenuation correction.Activity recovery coefficients were derived from the ratio between total reconstructed counts and the true activity for each sphere at each OSEM update. Recovery coefficients, and average fractional error (i.e. the weighted Root Mean Squared Error) were evaluated.At the same time, also 177 Lu spatial resolution and dead time were investigated, as matter of discussion about activity recovery coefficients.Results for spheres ≤ 5.5 ml in volume were significantly affected by the partial volume effect, causing a great bias in activity estimation for the smallest spheres. Their weighted fractional error was OSEM update dependent, ranging between 85% to 79% and 60% to 50% for the two smallest spheres, referring to values of 8 subsets-8 iterations and 16 subsets-10 iterations for the two extremes, respectively. No dead time was detected.The choice of iterations and subsets is dependent on the object size to investigate and on the desired image quality. Anyway, using a fixed number of iterations and subsets is correct for objects with volumes ≥ 5.5 ml, reaching the total count convergence in the reconstructed volumes, but the use of correction factors for compensating the partial volume effect is needed. For objects with volumes ≤ 5.5 ml the quantification becomes challenging.