Valles,
The bleeding method you suggested is tried-and-true. It was practically a weekly ritual with my British cars of the '50s and '60s.
And the problem you describe associated with the single-man vacuum bleading procedure, is a real pain. But I think the problem has less to do with the one-man-style of operation and more to do with the vacuum setup.
The Motive bleeding system, which Sadude refered to, uses positive pressure, rather than vacuum. It is the way to go and will not suffer from the bleeder screw thread problem you mentioned.
I use the vacuum method, but before I start, I goop-up the bleeder screw threads with brake grease in an attempt to seal them. Sometimes it works, sometimes it doesn't.
By the way, the two-man method has one MAJOR drawback. After 50-, 60- 70-thousand miles, master cylinders develop wear ridges in the areas where the piston is used to traveling. And contaminants sometime settle in the areas of the piston bore where the piston never travels. When you use the two-man method, and push that piston into virgin areas of the master cylinder bore, you do microscopic damage to the master cylinder piston seals.
It is quite common the find master cylinder failures within months of a hydraulic repair when the system was bleed using a two-man method (where the original master cylinder was retained).
Ken
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