The output of the generator does seem very constant at constant RPM. I see that when the power screen switches from charging to discharging, compared to the power required for driving. It is consistently at the same point of the power meter.
If the generator does not adjust output, the engine would have to adjust output to match. The engine would adjust the amount of fuel in the cylinder to match the power output required.
The higher octane could allow a more efficient power stroke, and possibly use less fuel for the same power output.
The combination of knock sensors and O2 sensors gives the computer the tools to adjust for efficient combustion.
If this is true (generator output is fixed with RPM), then I agree that there is no point in using better gas, as long as the car is not in direct drive mode. If I remember correctly the most raucous engine occurs when climbing but speed is low so the car cannot get in direct drive mode (very steep climbs with speed lower than 45 mph). But I am not sure this is the case. That means the car can generate same power regardless of elevation (sea level or 11000 ft). Being a permanent magnet doesn't mean it is fixed excitation. It would be nice if someone can find the specifications of the generator. All I saw was 105kw in a youtube video by Alex in Autos, but I am not sure it is for Accord or Clarity. The Clarity engine cannot generate 105kw.