Well I adjusted some more with just very slight improvement, and bled and bled some more. I had just enough pedal to keep it off the floor so I took your advice and drove it into the driveway. It stops very well but its by far the spongiest brake pedal I have ever felt. So its back on the road! Much thanks, Dave and everyone else.

1953 GMC 1-Ton Pickup with 350 and 700R4