If the rod is pulling out of the master cylinder, you can adjust the pushrod a bit longer. My other thought is, are you missing a rod that bears against the crossmember (red arrow in the pic) to stop the master cylinder pushrod from retracting too far? It doesn't seem like there's anything missing on your first picture however. Just throwing things out there for you to consider.
Kevin 1951 Chevy 3100 work truck Follow this saga in Project Journal Photos 1929 Ford pickup restored from the ground up. | 1929 Ford Special Coupe (First car) Busting rust since the mid-60's If you're smart enough to take it apart, you darn well better be smart enough to put it back together.