Ok, I got the piston retracted with a hybrid-ish method. I used the compression tool to spin and compress the piston (clockwise) until it hit some kind of hard stop and turning was no longer possible. I then swapped to a non-rotating compressor and pushed it the rest of the way in until it again hit a hard stop. This was enough clearance to get the caliper back on! I haven't finished it up yet and tested the EPB, so hopefully I didn't break anything!
Now to try to figure out how to get a torque wrench to the caliper bolts...