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your proposed normalize+compress formula seems to be like the following:

compressed_value = param_value + (param_percent * (value - max_value)) / 100

where:
- param_value takes the role of your target value as used to compute gain = param_target - (max_value / compress);
- param_percent is the reciprocal to the compress ratio, ie. param_percent = (100 / compress).

confirm?

if yes then it might see the light as a new option on the (MIDI Clip >) Tools > Normalize tab, aptly named after "Compress" that, when checked, applies this later formula instead of the former one.

cheers