Actually I don't know what fixed your brake squeel, but it could have been something that you changed by simply taking them apart and reassembling them. I'm not saying that bad seals might not be part of the cause, but consider this. When a car's disk brakes squeel no one changes the caliper seals to fix it, they put in new pads, maybe turn the rotors (maybe not) and good mechanics always use a sealer between the piston and the pad to make sure they don't squeel in the future. I've not known of very many brake jobs on cars that ever involve replacing seals. So why dose it have to be seals on our bikes but not on the millions of automobiles out there on the road.
I think you have to start by asking yourself, 'what's vibrating to make that sound'? Well, there's basically only a few possible culprets. It could be the rotor. That makes sense because its a great big bell of a thing sitting right out there in the air where it could make all sorts of noises. So how could it vibrate? Well, if the surface was irregular or if the mounting was lose it might contribute to the squeel, so start by tightening the bolts and just feel the surface - is it marred with the groves of age? If so get it resurfaced and see if that helps. If not the rotor then it must be the pads, right? Well, are they free to vibrate or have they been bedded in silicon, is the plastic spacer that's supposed to be behind the pushing puck still there or did someone lose it on an earlier brake job? These would be things to look at. Next there is the piston, is it a good tight fit in the caliper or has it or the bore it fits into corroded over the years enough to allow vibration? If so replace them. And the last thing I'd look at is if the caliper itself is firmly bolted to the lower leg.
I'd think if you'd look at those things - oh and maybe replace that $10 seal somewhere along the line - it will take care of the problem without resort to esoteric discussion of the movement of fluids - by the way the Bernoulli effect is what allow both your soda blaster to work and airplanes to fly, it is one of the most elementary basics of fluid dynamics. In short what it says pressure and the velocity of a fluid's flow are inversely related.