Low pressure is probably air in the line. I'd start at the top an bleed the MC and each banjo bolt down to the caliper. I've also strapped the brake lever in and left it overnight to help air work its way up.
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Did just that wowbagger, bled from the top down and got a lot more pressure up.
Then I went on to my electrics - and promptly blew the main fuse the moment I turned the key. So I took a break from electrics for the day and fitted my mirrors (modified bar end mirrors $19 each local, now mounted on stock mirror mounting points), and wire brushed the engine to clean all that pale grey corrosion off. Cleaned the gear change lever, kick start lever and brake lever, painted the foot rest brackets and centre stand black.
Don't you just love all those fins? The PO before the PO fitted finned side covers and finned tappet covers. All to finny for me - I hope to replace all these finned extras with stock items one day.
Back onto the electrics tomorrow - I think I know where the short is...