How to change panel icon size in plasma 5.27.5?

The issue I have is the System Tray area of the panel that has an added border margin. In a vertical panel, it makes the font of the clock smaller. With the 12 hour clock, you also have the AM or PM added to the length of tie Time format.

I would like to see the AM/PM dropped off the time and the extra margin removed only on a vertical panel. We found a workaround for the AM/PM by moving it to a new line for the time being in this thread.