as above mine is about 2 3rds of the way down after i just done bleedin my brakes

 

mine travels quite a bit too, but that is with cosworth brakes and the abs modulators still plummed in.

I would be tempted to give it another bleed, with the rear end on load ie, using ramps or axle stand under the swing arms (if you haven't all ready)

 

i bleed the car with the wheels on the floor, i cant keep bleeding as i have no air in the system, well i dont think i have anyway

 

get the brake system hot, and then bleed.

 

how will this make a differnce?