82RL,
I have the same problem, after a 200 mile highway trip the brake light come on and the pedal goes way past normal, while the car has a hard time stopping. The rear seems to give out, that left rear system gets full of air and I can not bleed it free with the pump and flush method. The same symptoms happen, everytime I pump, more air pushes out of the brake line! Doesn't make since. Have not tried the gravity bleed, will next time.
When the rear system fails the proportioning valve has a ball which then moves and blocks the rear system off from the front, allowing the front system to work without being affected by the failing/leaking rear. I guess that is how it works? Someone correct me if I am wrong. My system has failed (light come on and brake pedal very spongy) many times thiese last months while on long road trips. The brakes still work, my front do anyway, the rear are always lost. I drive the car back home after the trip, try to bleed the brakes myself, and can never get the air out of the left rear. My mechanic knows how, just haven't asked how he does it. I think he uses the vaccum method.
So when I bring it in.
My mechanic tells me, "run out will not cause this problem." He is full of it or too ignorant about these year corvettes. And always tells me, "the air was left in from the last fix" or "the proportioning vavle was stuck, we centered it and it works now". But since he bleeds the brakes for free everytime the light has come on, I do not complain.
Just that the the problem is STILL there, he has only fixed what the problem caused, not the problem itself. Which is what 90% of any work force does when given a problem to solve.
Let me know what you do and if you find something that works. If I find a solution this group will here about. For now, my car drives great, until that next long trip.
1981