Thank you Mr C.
@MN72Fury ... the 50/50 master is so the rear brake circuit won't run out of fluid, it isn't so special otherwise. It is possible to use a rear drum master from a Formal (and many other cars) but you want to remove the residual pressure valve from the port (if one's there). This stuff is shown in the FSM, but for repair purposes... don't expect a tutorial for modifications.
View attachment 234054
Metering valve could cause the opposite effect of what you described
View attachment 234055
I think someone else mentioned checking the hoses... don't bother if they're old, just get new ones. A brake hose can fail internally and a little flap of rubber can act as a valve to block or hold pressure... a pretty common problem with an old or abused hose.