Okay guys, I found out how to do this.
Basically the APC.php file in the W3 Total Cache plugin is not meant to be used this way. To monitor the progress of your apc cache. You need to find the apc.php file that comes with the apc package. Just down load the package here http://pecl.php.net/package/APC and then unzip it and pull out the apc.php file in the root. Then copy this to the root of your website and you should be able to view what's happening to the apc cache
Good luck and I hope this helps someone looking for the same answer.