After wiring the switch as discussed I ran into an issue where using the Dumb switch worked correctly, however turning the light on using the Smart 2-1 switch cause the light and switch led to flicker continuously.
I found this other thread Blue Series - Flashing Lights (Multi-Way w/Dumb Switch) - #6 by Eric_Inovelli, and set my maximum level to 80 and now it seems resolved.