One option to try might be to specify the OCX's DLL dependencies as delay loaded, and then write your own delay-load helper function that used LoadLibraryEx() to be certain of loading the DLLs from the path you want to use. I have experimented with this in the past and got it to work with an executable, but I don't see why it wouldn't work with an OCX.
Knowing a bit about DLL hell, I don't know anything about "MFC Activation Context". That's why your #2 idea above seems solid.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.