You guys all bring up some good questions.
Working Before? Not really. It had poor brakes and acted like the master cylinder wasn't right & then the brakes went out completely. The pedal did not go to the floor, but the car would not stop. Thank God I was only going about 5-10mph. I figured I had a master cylinder go bad & replaced the master cylinder and put in a new/correct repro brake booster. I'm not sure if the wire to the brake switch was hooked up before? but now it's hooked up and the light is on.
Grounded? Good question... I will check that. I'm "guessing" no because the pedal feels funny, but yep....I'm "guessing"... I will pull the wire & see if the light goes off. I believe the parking brake switch is OK (yep, also on that light).... but I will double check. If the pedal felt good, I'd be looking closer at this.... but still, I'm guessing.
On that note....can the proportioning valve/distribution block (whichever is where the brake warning sensor screw into) get "stuck" pushed to one side making the light stay on & the brakes feel funny? How exactly does that brake warning sensor work? I have the original valve/block & brake warning switch if needed.
Burping - I may have to go fitting by fitting....this is weird. The brakes do require a second pump sometimes to feel like they're stopping, so my gut instinct is that brake warning light is "real" and not a ground issue.
This "feels" like some strange master cylinder problem. FYI-the driver front & rear flexible brake hoses were replaced too (pass front is older).
Rear Brake Adjustment - Someone else mentioned that too. I pulled just he driver's side drum & it all look OK...no leaks, 70% meat left, no broken/missing pieces, brake adjuster freely moving & set about right. The drum had very slight resistance sliding off & slipped back on "snuggly" without having to force it. Looked good, but I didn't check passenger side....ran out of time & re-bled the master cylinder with the hoses in the reservoirs on the car...didn't work.
Caliper Bleeders - another good question...my bleeders are on top & the calipers are on the correct side. I tried to put them on backwards one time & the flexible brake hose won't bolt up. good question.
Who to Work On It? - Well guys, I'm running out of options. I'm no master mechanic, but I can't figure this shiznit out. The shop up the street said, "??? - no charge". There's one dealer in town that'll touch it & they called in a retired mechanic to take a second look at it, but they're stumped too.
One big problem is that the car was off the road for many years, so I don't have a good baseline for comparison.