Phase-amplitude reduction is a widely applied technique in the study of limit cycle oscillators with the ability to represent a complicated and high-dimensional dynamical system in a more analytically tractable coordinate system. Recent work has focused on the use of isostable coordinates, which characterize the transient decay of solutions towards a periodic orbit, and can ultimately be used to increase the accuracy of these reduced models. The breadth of systems to which this phaseamplitude reduction strategy can be applied, however, is still rather limited. In this work, the theory of phase-amplitude reduction using isostable coordinates is further developed to accommodate a broader set of dynamical systems. In the first part, limit cycles of piecewise smooth dynamical systems are considered and strategies are developed to compute the associated reduced equations. In the second part, the notion of isostable coordinates for complex-valued Floquet multipliers is introduced resulting in one phase-like coordinate and one amplitude-like coordinate for each pair of complex conjugate Floquet multipliers. Examples are given with relevance to piecewise smooth representations of excitable cardiomyocytes and the relationship between the reduced coordinate system and the emergence of cardiac alternans is discussed. Also, phase-amplitude reduction is implemented for a chaotic, externally forced pendulum with complex Floquet multipliers and a resulting control strategy for the stabilization of its periodic solution is investigated.