I got an Octane XCT last week and this afternoon was my first run with it.
I found the whole water reservoir a little bit fiddly. The massive filling hole which is kinda on the side makes it really easy to spill water all over the place when filling the reservoir. It also makes it easy to leave too much air in the reservoir, which meant it sloshed during the whole run, which was very annoying. However, I think by holding it upside down and drinking from the tube until you get air will empty as much of the air as possible. I'll test this hypothesis tomorrow!
As for the straps, I had the reservoir completely full, and the straps did not slip significantly. I only ran for about half an hour and tugged the straps a tiny bit a couple of times to tighten them, but it wasn't a major hassle. I was mostly fiddling with the straps to figure out the most comfortable tightness.
Anyway, these are only first impressions. I will endeavour to return and update my opinions after a few more uses. Also, if you have any questions about specifics, please do not hesitate to ask.