Hi there Wil,
Thanks for your interest in Events Calendar PRO 🙂
Beyond the setting (to only show the first upcoming recurring event) that you are already aware of I’m afraid there are no built-in tools to set up the sort of solution you’ve outlined. That said, the plugin is extremely flexible and you could certainly make this happen as a further customization if you’re up for some custom coding.
I hope that answers your question, but do let me know if I can expand on anything else.
Thanks again!