Philippians 2 and 3 have some highly interesting passages for LDS folks (OK, for everybody). On the issue of faith and works, for example, Phil. 2:12 is a verse that caused one of my evangelical friends, an avid student of the Bible, to say, “What? Is that really in the Bible?” It is Paul’s plea that fellow Christians continue obeying not just in his presence, but especially in his absence. “Work out your own salvation with fear and trembling” was the part that rocked my friend.
Earlier in Phil. 2, we learn that Christ was in the “form” of God – one of those many passages referring to the physical image of God, an image that is gloriously divine but unmistakably human in appearance (in spite of centuries of denial). [Correction: Based on helpful comments to this post, I may have been wrong in assuming that the use of “form” referred to Christ’s physical image. It may make more sense if His nature is meant. Yes, the “form” of God in v. 6 is parallel to being made in “the likeness of men” in v. 7, but both may refer to nature.] It also teaches the separate nature of Christ and God and hints at the divine potential of man in verses 5-10.
Then see Phil. 3:21, where we again encounter the corporeal nature of God [i.e., the corporeal nature of God the Son], and learn that our bodies can become like His – another reference to the divine potential of man.
Phil 3:12-15 has always been helpful to me in explaining to others the relationship between salvation and works. It teaches that we must press forward and not think that we have already become perfect. We must reach out and “apprehend” Christ just as he reaches out and apprehends (grabs) us – indicative of the two-way covenant aspect of salvation.