Running version 0.1.2 of yubico-piv-tool did the trick. If I were to venture a guess, it appears that the verify-pin and change-puk operations were modified not to require the passing of the management key since all attempts to validate the key (default or my supposedly newly installed one) for other privileged operations still failed. This let me block the PIN and PUK and successfully reset the applet. Thanks for the expedient resolution.
Any word on the turnaround window between version updates for this tool and its updated formula on homebrew by any chance?
Also, verbose mode for verify-pin now outputs twice to CLI, but change-puk seems fine