If Octane is open, there is no way that Octane can read the commandline again without to start a new version.
Try to type calc in your windows command promt. The calculator should start.
Type it again and a new instance from calc is starting.
Thats the same with Octane...
Maye it´s possible that a new start will check if a existing instance is running and send the data to it.
But i think, it´s not possible that Octane can know, which object is modified, because, it´s one file.
To do that, Octane must read the whole file and check it, but thats not what you want.
We can save only the modified object, but than Octane can´t know, which vertex/normal/poly should replace.
I would say, wait. Maybe it comes a client/server connection, so that we can communicate with Octane direct.
Camera movements then can be seen in realtime

face