Hi, I've spent a significant part of my working life overseeing working replenished color neg/print systems, albeit older, prior to bleach iii. I would suggest that you at least start out by the book, which would be the Kodak Z-131 publication - the third section covers "rotary-tube processors."
In this doc, for rotary processors, they state in bold type, "Do not attempt to replenish or regenerate used bleach solution. Reuse it only to the batch capacity; then discard it." Now, I have NO REAL KNOWLEDGE what is the reasoning behind this, although I could probably make some guesses. Personally, I don't see any fundamental problem with replenishing, etc., but I'm not gonna recommend that you disregard the Kodak recs.
And the more I scour the internet, the more I seem to confuse myself. Can anyone bring me up to speed or point me in the right direction?
Z-131 is basically the end user's bible, but it is more along the line of a cookbook. Fundamentally, here's how a replenished bleach works. The maker, Kodak, has specifications for each chemical component in the "working tank," which is what you use for processing (these specs are not known to the general public, as far as I know). As film is processed, the bleach gradually gets diluted as wet film comes in. So to counteract this, the replenisher must be "over-concentrated" compared to the working tank. Additionally, some of the bromide is used up in proportion to how much silver has to be bleached, so the replenisher needs a slight higher concentration of bromide. Additionally there will be a slight amount of evaporation that has to be accounted for. Also, the bleach must be kept adequately "oxidized" while it is in use, although this is more of a "process requirement," rather than a replenisher formulation issue. (In high-volume commercial machines, it is standard to continuously bubble air through the bleach while processing.)
So in general, the replenisher is formulated based on the aim rate (volume of replen per "film") and some assumptions on 1) average mount of developer carried in, 2) average amount of bleaching to be done, and 3) evaporation. There is one additional thing it must do, and that is to keep the pH of the working tank in spec. In the standard process, high-pH developer is carried directly into the bleach, so the replenisher must have a pH value lower than the tank solution in order to counteract this (see CIS-61, as linked by Anon Ymous, to see the pH difference between working tank, pH 4.75, and replenisher, pH 4.50).
With this info on the differences between tank solution and replenisher, you can see roughly what has to happen with the "starter solution;" essentially it is necessary to dilute the replenisher, and to raise the pH. But in practical terms, it's really not all that critical, unless maybe if the replenisher is on the low side of pH spec (I don't know how touchy this is).
Too much info? If so, just stick with Z-131 or other chemical maker's instructions. My wild guess about the "do not replenish" instructions are that the Jobo processor bleach carry-in is too unpredictable - it might be developer, stop bath, or water, and the volume might vary a lot, depending on who the user is. (In my experience, Kodak docs have mostly been conservative, protecting the user from mistakes, so they may have just taken the position, "don't replenish it;" but I'm just guessing.