After reinstalling the Master Cylinder I pumped the hand brake and turned the bleeder.
Pump, turn, release, turn - Pump, turn, release, turn - Pump, turn, release, turn - Pump, turn, release, turn - Pump, turn, release, turn - Pump, turn, release, turn - Pump, turn, release, turn - Pump, turn, release, turn - Pump, turn, release, turn - Pump, turn, release, turn - Pump, turn, release, turn... You get the point.
I did this for 2 hours with no shread of evidence, other than a couple bubbles escaping into the cylinder, that anything was being accomplished. So... I tore the whole thing down again and reinstalled it. Figured there was some air seeping in somewhere fouling all my efforts. I then went to Walmart and got myself a big plastic syringe. I brought it home, filled it with DOT3, hooked it up to the bleeder and pumped it in. Bubbles a plenty flowing into the master. Pump, pump, pump, pump the hand brake... and POP out comes the piston in the brake caliper! FINALLY, only been working on that for 2 weeks.
Speed bleeder??? I think I'll make the investment after THAT experience. It was F'ing cold out in that garage too. So, upon inspection...
Oring is in good shape. There is some scoring and discoloration on the inside of the caliper but it all seems smooth. Piston has a little bit of pitting but not bad (1 or 2 noticable spots). Going to reassemble tonight I hope.
What grease is used between the brake pad, the plastic ring, and the piston? It looks clear or yellowish and is pretty thick.
Nevermind, found the post! http://www.sohc4.us/forums/index.php?topic=14251.msg147955#msg147955