I rebled the front calipers unbolted from the spindle to try and get rid of some of the spongyness in the pedal. I did this to see if there was any more air in the system at the caliper by rotating the bleeder screw at the 12 o'clock position and bleeding the system. No air at the caliper, so I think the origanal 31 year old master cylinder has air in it or it is bad.
I am going to replace it with a new 7/8" bore master cylinder from a manual brake 1978 g-body ($60 from amazon). Though it is made of cast iron, it is the smallest bore master cylinder that readily bolts on. I know of no aluminum master cylinders that are 7/8" bore that will readily bolt on, other than one of the expensive aftermarket ones. I would also like to test a master cylinder from a Dodge Dakota. It has a 24mm bore, is aluminum, and with one brake fitting adapter, it bolts into place with the adapter plate I am using.