There are 5 levels to researching the Houdini Splicer and once the 5th level is maxed out, the trophy will pop. You can take your time and photograph all of the splicers in the game, getting good quality grades for each photo or do as I did and you can simply photograph each splicer enough times until the quality of the photos get too low and you can’t take photographs anymore.
To help you out in getting this a little faster, you can equip the Photographer’s Eye tonics which will increase the score of the photo. Photographer’s Eye you can find in the Farmer’s Market level in the Worley Winery cellar or you can buy it at a Gatherer’s Garden Station at Fort Frolic and onward.
Also if interested, here are the rewards for each level of research:
Level 1: Increased Damage
Level 2: Natural Camouflage tonic
Level 3: Increased damage
Level 4: Easier to see where the Houdini Splicer will re-appear
Level 5: Increased damage