Nick:
This disc is almost certainly compressed out the wazoo, with levels nearly always at 0dB FS. That said, here's a little chart to break down what 0dB FS is for various volumes vs what you're seeing on the meter. Note that Ref(1) is 1 speaker Ref(2) is two speakers. This further assumes when you calibrated, it was to 75dB SPL, c-weighted:
Vol....Ref(1)...Ref(2)...Actual
75.....93.......96.......94
80.....98......101.......99
85....103......106......105
90....106......109......109
So in this case, theory and practice are lining up pretty nicely, and well within the bounds of your SPL meters acccuracy
Regards,