OK, I am following your instructions to connect. Now, is it also possible to see the Status page on the iPhone while connected to the phones hotspot?
Yes, provided the device you're using to see the status page is on the same hotspot network on the iPhone. Assuming your are using the iPhone itself, the answer is still yes. You can use the sharkrf.link method, the URL method, or go directly to the IP address, as normal.
Manual page:
http://manuals.sharkrf.com/openspot2/en/opening-the-web-interface.html#page-top