Had to bleed the rear anyways after installing the necessary hydraulic pressure switch to replace the OEM lever switch for the new rearsets; pushed a ton of fluid through with the caliper set up with the bleed screw on top, and wasn't super impressed with what I was getting but got to a point where I wasn't feeling any further improvement. I decided to remount the caliper and see how it felt, amazingly once bolted back on I couldn't rotate the hub by hand even with the lever fully retracted (stop at lowest position). I fabricated a new plunger for this setup since the OEM was to be reused, but limited thread length created an ugly angle, and ended up adjusting it all the way in to the rod end.
Now with the wheel mounted back up, rear brake lever is hard as a rock and requires virtually no stroke to lock the wheel, so I'm interested in how it feels when riding. There's still a ton of adjustment to add pressure/reduce stroke.