That would be great!
A Textfile is a simple solution. In my case i would use mathematica to calculate all the values, so i could set the keyframes in mathematica itself and generate interpolations between (linear, quadratic, cubic, and so on).
My Idea is to have a plot of each individual parameter in mathematica. So I can see all the movements.
A relative movement from the curve wouldn't be needed i think (for my purpose at least).
Actually - I am not quite sure i understand it right with the relative value.
Do you mean this:
If I have 2 Keyframes with 50 interpolated frames between (with quadratic interpolation i have a curve).
The relative value would then define a change relative to the interpolated value?
Like Adding a noise to the camera movement for a "handcamera" feeling? hm could be interesting. But this could be done also in mathematica itself.
I added a picture, of what i would do in mathematica. I created random numbers-pairs as Keyframes and then made interpolated Subframes.
The thing is, that if i make everything in mathematica i don't need to have subframes at all. I make my subframes in mathematica and save them as keyframes in M3D.
But I have one Idea: Some kind of text-field in M3D could be useful. The textfield would have exactly the form, you used. One could copy the string or paste a string in it (would be experimental, because one has the have the right formulas in the formula editor loaded - but for a pro-user

this would be more convenient. Also a "write this line in .txt would be useful".
The field would go like this:
[frame000012153]{{ValAdress,Value},{ValAdress,Value},{...,...}, ...}
The process of creating new frames in mathematica (like: make a rotation around the x axis) and check them up as a preview in M3D would be useful. Also the opposite - finetuning a keyframe in M3D and then copy the parameters in the mathematica list.
I know this all sounds very geeky/creepy(?). But I use mathematica for some time now and it is very very VERY powerful. Especially when handling huge lists. Using filters on List elements, like moving average, fourier-transformation are filters, i have in mind. Also creating camera movements.
I am planning to create a huge timeline paralleling a Song to which the fractal shall dance. this could really be great.
(like those fractal-flights by bib993 on youtube. some really have a nice - dance-like movement).
And since this is more a bigger project - it has time. There are other people having there wishes for M3D

btw - i am rendering some kind of fractal balls (20 000*20 000 pixels). great for printing. If you are interested you can have the files. (only - they are big in size).