Could one simply route the induced signal to the vertical input of the scope
if the signal was attenuated enough as to not damage the front-end of the scope?
There are two main ways that a two tone test is observed.
One is on a CRO, and yes, you feed a sample of the DUT RF output to the vertical input of a CRO. (No, it does not need to go directly to the deflection plates.) This method is a visual assessment of the onset of serious distortion, but does not quantify IMD products.
The other is using a narrow band measuring instrument to measure the level of each of the spectrum components. The most common instrument for this is a spectrum analyser, but I have already referrered you to an article showing how to use a HF receiver and PC sound card to perform quantitative measurments of IMD products. A Selective Level Measuring Set (SLMS) as was once used in carrier telephone systems is another instrument that suits the task.
Owen