Thanks for the new information. I would not put it past myself to install things upside down, but in this case the front calipers are correct, just like in my other Eagles. The bleeding ports are on top.
I have spent many days and quarts of brake fluid trying figure this out. Here are some of the things I have done.
I have tried replacing the master cylinder many times with old ones and new ones. The one on the car right now is an old one with a rebuild kit.
I have done many measurements with the power booster and I don't see any problem. There is an adjustment on the push rod from the power booster to the master cylinder. The length is the same as other power boosters I have laying around the shop. I tried adjusting it out and all I succeeding in doing is having brake drag from the brakes continuously being partially applied.
On the master cylinder, when I block the port for the front brakes leaving only the rear brakes, the brake pedal holds fine.
Behind the power booster there is a T fitting for the front brakes. The T is fed by the master cylinder port for the front brakes. The T then goes in two directions. One side goes directly to the driver-side front brake. The other side goes to a steel brake line that follows the firewall to the combination valve attached to the lower wall of the engine compartment. From the combination valve another port goes to a steel brake line that connects to the rubber hose that goes to the passenger-side front caliper. A second steel brake line goes from the rear brake port of the master cylinder across the fire wall to a port in the combination valve. Another port leads to a single steel brake line to the rear brakes. This eventually branches for the left and right rear brakes. The only purpose of the combination valve is to measure a failure in either the front brakes or rear brakes. There is a shuttle in the valve that will go off center if there is a failure sending an electrical signal to the brake light on the dash. With that said, I tried the following:
At T for front brakes, block off the line going to passenger-side front brake. This leaves the driver-side front brake working as well as rear brakes. The pedal works fine.
At T for front brakes, block off line going to driver-side front brake. This leaves the passenger-side front brake working as well as rear brakes. Pedal goes to the floor.
Repeat the above, but block off rear brake port as well. Pedal goes to the floor. The problem now seems to be isolated in the front passenger-side brake.
Reconnect all the brake lines. Now, go to the combination valve and block off the exit port to the passenger front brake. Brake pedal holds. Now the problem appears to be either the front passenger brake hose (which looked fine) or the caliper.
Change front passenger side brake hose. No pedal.
Install new front passenger brake caliper. Still no pedal.
Writing all this is simple. But, at each step of the tests the brakes have to be newly bled, thus the reason for using a lot of brake fluid.
There are no leaks in the system so I can not figure out where the gremlin is. I have bled this car so many times with so many different systems I don't think the problem is air in the system. Although I don't know where the gremlin could possibly be. my only thought is someplace in the system there is enough free motion that when everything is put together this motion uses up the brake pedal - like what would happen if the rear brake shoes were not adjusted out to near touching the brake drums.
I have tried letting the car sit with the hope the problem would disappear with no luck. I have been working on another restoration and had absolutely no problem with brake work.