It wouldn't be practical even if I were right, but I see the issue with my logic. My reasoning amounted to "there are infinite repetitions of any sequence in P

It wouldn't be practical even if I were right, but I see the issue with my logic. My reasoning amounted to "there are infinite repetitions of any sequence in Pi, therefore for any given sequence there must exist one occurrence with a compressible index." Which, after consideration, I acknowledge is incorrect :)