OK, so I got another master cylinder: a Raybestos 36283 (front power disks, rear drums). When I got it, the piston was sticking out of the back about 1/8" like the other one. Put it into the vise and was bench bleeding it. I also moistened the cylinder with a little brake fluid. When I pump it, the rear larger chamber circulates the fluid fine, but the piston doesn't return all the way back. It comes back to about 1/4" from the rear surface. If I pull it back all the way with my finger and then pump, the fluid in the front smaller reservoir circulates, but the piston won't return to protruding out, and when I depress it again, the front reservoir isn't doing anything. Both chambers only work when I pull the piston all the way out.
Situation is just like my May 27 post and pictures.
Is this master cylinder a loser or am I missing something here?