I assume you have already loosened the cable so that the brake is opening up all the way?

sometimes you just have to leave the quick release all the way open too.

If that still isn't enough, shave the pads!

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Kat Hunter reports on the San Dimas Stage Race from inside the GC winning team
Aeroweenie.com -Compendium of Aero Data and Knowledge
Freelance sports & outdoors writer Kathryn Hunter

Any specific advice for shaving pads to get an even surface; dremmel, specific grit sand papers, bench grinder, the sidewalk, doesn't matter?

I think that the market is now out there for lower profile pads. I know swiss stop has some for all carbon, but none specifically for alloy.

 I have released all the tension on the caliper and opened the little quick release, removed the cup washer that goes between the caliper arm and the pad and now I have enough room. It would be nice if I could use that washer to make toe in a little easier, but it will do for now. There was no way I could do it with the tektro caliper that was on the bike initially, as it opens up even less than the 105 caliper.
Thanks for the feedback so far.

Use them on another bike for a while?
I'm only half joking I've had to pull used pads off a bike in a pinch before.

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Kat Hunter reports on the San Dimas Stage Race from inside the GC winning team
Aeroweenie.com -Compendium of Aero Data and Knowledge
Freelance sports & outdoors writer Kathryn Hunter

I had to shave the rear pads down on my Speed Concept even after removing the spacing washer. I would definitely but low profile pads next time. Throw he pad in a vise and taking a file to a brand new pad is a little ridiculous.

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