Adding a Gradient Curve filter helped a little for me. It seems to max out in the size reduction with a balance of .01. So, it helps some, but I'd still like it to be a bit more. I tried applying the filter twice, but that didn't do anything.
I then tried some other things and found something that might work. Filters, from top to bottom, are Blur (optional and set very low (.075 for me) to clean up jaggies, Mask Outline, and Gradient Curve.
I the end, I think this might end up being a job for Substance Designer.