Tool or method to listen to a custom RS485 bus traffic
You would just do that with a logic analyzer that you set to differential input to listen to both lines – or you'd use a high-input-impedance differential receiver IC (i.e. a comparator, essentially) to first convert to single-endedness.

That will give you the raw bits of the transmission. I don't know CFLink at all, but for all I can quickly google, it's a stupidly simple serial protocol with fixed fields, so you can probably just decode it as is. 

Cheapest way: get a 5€ Cypress FX2 eval board, get Sigrok and the matching FX2lafw firmware, connect it up.

Personal remark: CFLink suffers heavily from "one more standard to end all standards" syndrome:



And, also personally, it's a bad architecture. While RS-485 is a fine choice for serial communications, the whole website doesn't mention how they are planning to implement arbitration – which very quickly becomes a very complex problem in both the ring and the star architectures. People that invented Token-Ring networks in the 1960's were very aware of that problem – and yet, 50 years later, CFLink acts as if it's not a problem.

All the con's of Ethernet that the wiki cites are either 


fabricated (Ethernet is far more flexible in cabling topologies, and the fact that you need a hub to have a multi-drop 10 or 100 Mbit ethernet link isn't different from the fact that you need to screw in multiple cables for "chained" CFLink devices) or
wrong ("Ethernet needs special cable, but CFLink will run on anything
with 5 wires" &lt;- yeah, well, Ethernet will run on anything with 4
wires; point being that the speed you want to exchange data with sets
requirements for cable bandwidth and eventually shielding, regardless
of the standard) or
really wrong (the cost argument – as if integrated ethernet equipment wouldn't cost less than small-run  system-specific things) or
very misleading ("CFLink is very reliable"   &lt;- I believe it is, but believe me, Ethernet in practice is more reliable, because a) does it, unlike CFLink come with error-detection  and -correcting facilities (which is something, again, from the   1060s, dear CFLink), and b) is the hardware produced in the billions   and has been optimized for decades).