Earlier quoted context omitted.
Why? You'd just keep the code in SSA and diff whenever the user adds code - you need to create the form _once_ but after you've created it diffing it should be reasonably fast - the creation can be done at project creation time and it can be changed on-line and incrementally. I'm not sure if tools actually do it but it definitely sounds possible.
How would maintaining a SSA representation of the code help detecting dead code paths? Doing so requires reasoning about possible truth values of conditions and is in general equivalent to the halting problem and therefore undecidable. You could only spend the cycles available in real time and that will in a certain number of cases be enough to solve the problem but there will also be instances requiring more cycles…
But the PL community is not really good with incremental computations, especially ones that must consider arbitrary code changes (which, for example, can cause non-monotonic movements in your lattices).