First of all, welcome to APUG (Photrio)! Glad you are here; it's nice to have another movie film shooter (there aren't too many of us!)
1.
My main question here is what effect (if any) does the developer have on the Silver Halide that hasn't been exposed to any light? Is there any solvent action on the unexposed areas?
With the exception of D-88, most reversal developers contain significant amounts of silver halide solvents (sulfite, thiocyanate, thiosulfate), and so AgX will be solubilized to some extent. The solubilizing action is particularly necessary to clear the film in highlight areas by promoting physical development, but there will of course be some degree of solvent action in the unexposed areas as well.
2. When you view the film after the bleach bath, the area where the light has hit the film will be clear, and the as of yet unexposed area of the film will be the milky colour of silver halides. You will be able to make out a faint positive image. The emulsion will likely by coloured by the bleach, and different emulsions may have different colours, even in the same bleach.
3. Yep.
3.5. I strongly recommend using a clearing bath (either 1% sodium sulphite for dichromate bleach or 5% sodium bisulphite for permanganate bleach). This will help to prevent chromium/manganese insoluble deposits (i.e. stain) in the film and will also etch the surface of the grains, making them more sensitive to the re-exposure step.
4. Pretty much all the AgX, but not entirely. There are some insensitive and/or less develop-able (i.e. inert) silver halide grains which will not be developed under normal conditions. If you really wanted to, you could use a fogging developer or other strong reducing agent like a sulphide toner, and you would fully reduce all the silver halides. But I would argue against this practice, since this can lead to a high Dmin (fog visible in the highlights.) For example, when I sepia tone my reversal slides, I always follow the steps to the end (i.e. re-expose (3), develop (4), fix (5)) before rehal-bleach and toner, even though you could certainly dunk the film in sodium sulphide immediately following step (2).
5.
there should be very little undeveloped Silver Halide no?
Yes, there is very little undeveloped silver halide, but as mentioned above, there are some inert grains which will not be developed with a "normal" developer. These grains could lead to discoloured highlights in the future. Also, if there are any silver or chromium/manganese deposits in the film left over from bleaching, fixing may help to remove them.
My sources for the above are my personal experience (mainly regular 8mm and medium format stereo slides) and Grant Haist's book "Modern Photographic Processing Vol. 2". All the best with your efforts. I have found reversal processing to be highly rewarding.
Ian