dogbreath_48 wrote:I'll pull the wheels off and check out the bearings/pads/shoes/pistons etc.
This couldn't be caused by a vacuum/booster problem could it?
No.
Everything points to the master cylinder.
Over time, crud has collected in your master cylinder, and settled to the bottom. Corrosion started (probably something to do with moisture in the fluid too) and has now reached the stage where the seals are not effective.
As you push the pedal first time around all the caliper pistons/wheel cylinders fill and apply pads/shoes - by which stage the piston in the master cylinder has hit the corroded spot, and fluid starts to leak past the edge of the cup, but stays inside the master cylinder. As fluid leaks past the seal the piston slowly travels along the cylinder, and your pedal slowly sinks to the floor.
When you release the pedal, the cup travels back along the bore, and any fluid which had leaked past on the "pressure" stroke finds its way back past the seal (cup seals only seal in one direction) - so no visible leak from your master cylinder.
When you push again, less fluid is displaced into the brake lines (because pads/shoes are already out), so the piston doesn't travel as far, and doesn't hit the corroded spot - so the seal holds the pressure, and you have a firm pedal.
The problem is in the master cylinder - this is why the previous owner rebuilt it, but didn't do the job properly. So now it's your problem.
If the leak was anywhere else, you would be losing brake fluid from your reservoir - are you?
Scott