Wanted to share my experience for the next newbie. I was successful in compressing the pistons on the rotor by using a larger clamp. I put one end of the clamp on the caliper in the middle of the pistons (inboard side)and the other side on the caliper mounting bracket. Draining the old brake fluid out. It worked like a champ.
Now on to the motive power bleeder--like others experience, when I put the cap on my reservoir it leaked (luckily I used it dry first instead of leaking fluid all over the place) no matter what I did, I could not get it to seal (5psi max). After several trial and error (ie, bungie cords, etc to hold it in place) I tried to build up the thickness of the bushing in the motive cap using black electrical tape. I laid the bushing on the bench, and put about 4 layers of tape. I then trimmed the excess tape around the bushing so it fit back in the cap. I installed the bushing tape side up so the bushing would touch the reservoir. I was able to get at least up to 15psi which worked for me.
A guy at work recommended that I use the motive dry and just refill the reservoir directly with fluid. This was a good idea since I didn't have to clean the motive and the reservoir holds nearly half a qt of fluid from the add line to full. Very good suggestion for sure.