Firstly well done for coming on here and asking a reasonable question. Let me see if I can help.

So let’s just put the cycle to one side for now. It’s a moot point as your sole focus will need to be on dropping some BF first and maintaining muscle. At your current stats I don’t feel you will have enough of a muscle mass to warrant a cycle at 15% BF. So you may need to do a few natty cycles of cutting and bulking first. That said let’s get you to 15% first and take a look at a pic and go from there.

So now the cut. Your calculations are all off. Even when moderate activity your TDEE is 2688. So you should be setting your macros at around 2100 per day and carb/calorie cycling around that. So try this:

Low carb day x 2 per week
Protein 185g
Carbs 130g
Fats 90g

Moderate carb days x 3 per week
Protein 185g
Carbs 200g
Fats 60g

High carb days x 2 per week
Protein 185g
Carbs 230g
Fats 50g

That will get you going. Drop 2lb and knock of 10g of carbs and 2 of fats and keep protein stable. Lots of LISS cardio and lifting to maintain strength and therefore muscle. This way will give you the best opportunity to diet down and not loose too much muscle.

I will say this about your cycle it’s total overkill for where you are. If/when you are ready a simple test cycle with some proviron possibly with dialled in estrogen (AI use) and a well thought out diet is all you need.

Shout if you have questions.

First, Test is test. One test based estered product is not any better or worse in regards to water retention. Simply a myth perpetuated by dare I say it, bro-science.

Diet is the key to water retention , always. Not which ester is being utilized for administration.

Next, 6.5 of exemestane eod to begin with seems counterintuitive. Unless you are hyper sensitive and are severely gyno prone, this is an exorbitant dosage. Also figure in the in the first week your exogenous test is only beginning to start to convert to estrogen in the first place. Be wary of crushing your estrogen.

Third, less than 2k total calories per day are is more akin to the diet of a bird than a bodybuilder. 19% bodyfat at 169 is way too much bodyfat anyway you slice it. Why even carbs in the diet plan, sounds like the perfect candidate for keto to me. All food for thought.

And lastly, why even cycle? You state you wish to get lean and cut. Why not mindfully make a focused plan and take action naturally? Steroids, while raising the metabolism are not fat burners. Focus, resolve, and dedication to training, cardio , and most especially diet is the key to getting lean, cut, and in shape. Not exogenous chemicals.

I would strongly reconsider your current planned course of action. Good luck

What I would suggest
Lower your body fat first
Then run a cycle specially with short ester you will not see much benefit from it
I wouldn’t run primo and mast at the same cycle
Other people would but I wouldn’t it’s just personal thou

I don't see how a different ester would cause less water retention, from my understanding water weight comes from diet (too much sodium low potassium) and due to high estrogen which tests obviously causes (maybe due to steady bloodlevels coming from prop? which might cause less spikes in your test levels i don't know) , as for primo your bodyfat is too high for it same with mast, i don't think it will help you a lot, your problem is diet related, with proper diet you can drop the bodyfat without those compounds
also with primo you need wayyyy more protein intake

+1 for setting goals and staying away from harsh compounds like tren

+1 for having a solid plan and not rushing things bro

I have never ran primo or mast so I don't have much to contribute here, but I do want to give you a big +1 for actually providing all of the needed info and structuring your post in the proper manner to get quality advice and knowledgeable feedback. As opposed to the "This is what I am going to do, someone please co-sign" template that we are seeing so much of. I will say that you are on the absolute right track by getting your bodyfat down first, test prop will result in less estrogen conversion and water retention and good call on planning to get blood work done at start, middle and end of cycle.