No, there's no hosting API for F# interactive sessions. fsi.exe itself is factored into a lightweight client process that handles the interaction, and a background server process that does the heavy lifting. (The server process is built atop the F# compiler DLLs, which is why you need a full install of F#, and not just the F# runtime redist. BTW, exposing an API for this is a somewhat common request and something the F# team will consider for a future release.)
That said, if clients do have a full install of F#, then you can always just ship some scripts (.fsx files) clients can #load
, or libraries (.dll files) that clients can #r
to start off their interactive fsi sessions. This is definitely a good mode for using F# interactive for data manipulation and exploration.