I agree with TM on the piano (on take 2), but the Ebow effect is a bit loud on my system. At around 0.48, it seems is should be somewhat lower, a bit higher than the rest, but not as loud as it is in the mix. Your drowning out the guitar picking. Seems to settle down at around 1:20 when you are not on the high notes.
The peaks need to be tamed, not compressed, I would use fader automation to level them out a bit. Once you tame the Ebow track, then the shakers will need to be revisited as it seems you are trying to compete the shakers with the Ebow track. I noticed the clipping as well, but would not have if it wasn't mentioned. Once again, I think it is track volume control.
I think the Ebow is a cool affect and i will be picking one up very soon. Never knew they existed, but I could see using one in my style of music.
Good stuff.