Yup, E=E^0- 59.16/n log (〖[X]〗^x 〖〖[Y]〗^y [Z]〗^z…)/(〖[A]〗^a 〖〗^b 〖[C]〗^c…) at room temp given aA+bB+cC+⋯+n e^-=xX+yY+zZ+⋯
I was thinking about this and basically it looks like the ORP shouldn't change as long as the equilibrium constant (which is (〖[X]〗^x 〖〖[Y]〗^y [Z]〗^z…)/(〖[A]〗^a 〖〗^b 〖[C]〗^c…) ) doesn't change. So since equilibrium constant is a function of temperature, gibbs free energy change and pressure, changing the concentration of one of the species wouldn't change anything since it'll just adjust itself to equilibrium. But I guess the huge ORP shift is when the system gets to the point where the system can't regenerate the strong oxidizer you've been removing.
Does that sound about right?