Ye i thought this could be a bit tricky.
All all those ideas have some use cases. Maybe having all three could be possible, but I wouldn't ask that from you :D
In the end I leave it up to you if you go thru with it, I feel like you would have a better judgment about it especially while working it, you would see it more if you didn't like one of the approaches.
My idea after reading yours is,
Cam could follow the player's entity. If they activate remote view, the cam could switch to following that, zoomed in the center, however if they hover over an entity for a long amount of time it could zoom in on that place so it won't miss the action completely?
I liked the second option the most, but i'm not sure how small the actual thing would look, it might be a mess as I haven't seen how it would look like, you might be right it would be way too small to see anything. It would definitely be more interesting than watching a lil engineer stand in the same place for 12 hours while a factory magically grows around them :D
Sorry for the late response, the PoE league came out and kept me occupied away from the factory haha
As soon as I started playing again I had a flashback of me writing this suggestion and was curious if you answered or not.