The bike has taken me a year to rebuild but it's finally up and running. Problem is that it doesn't stop too well. When I pull the brake lever, the brakes start to engage at half pull but the pressure never builds and the lever hits the handlebar without ever getting stiff. What I have done so far:
1) replaced brake lines with steel braided ones
2) rebuilt the Master cylinder
3) put a plug in the MC and pulled the lever. Hard as a rock so MC is good
4) put a MC from another bike that is known to be good. Mushy brakes
5) put a plug in right caliper line to isolate the left caliper. Mushy brakes
6) put a plug in left caliper line to isolate the right caliper. Mushy brakes
7) Sucked a 1/2 quart of brake fluid through the system. Mushy brakes

even bled the little bolt at the top of the line splitter. Mushy brakes
OK, so the calipers are coming apart tomorrow but I don't know what I could possibly be looking for that would be causing this. They were rebuilt three years ago and I am not losing fluid anywhere in the system. Brakes act like there is a golf ball sized pocket of air in the system. Any ideas?