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S2DL,
I was searching for some help with this topic as mine in IV2016 had stopped after a new install on a new computer.
Hope you got yours working. Its been since January, so I assume you have, but I thought I would reply with my results as no one else has.
Open a 2nd session of Inventor while the first session is open.
I havent actually tried that. Here is what happened. When I got the new system, reinstalled IV2016, my optimize was not working, it is set at 1.5 seconds delay. I also have 2017 installed (waiting till all in company are up to date to use it) so I opened 2017 to see if it worked there. It did. Flipped back to 2016, and now it was working. Closed 2017 and optimized is still working. I havent closed and restarted 2016 yet to see. If it fails I'll let you know.