Sounds like you've still got some air in the pipes. The brakes work by hydraulics, the brake fluid is essentially incompressible, if you get air in the pipes it just squashes before you get any pressure to the brakes. The detail of how the brakes work is not that complicated, basically as you press the pedal the fluid is pressurised in the master cylinder and that pressure is transferred into the front and rear brake cylinders through the pipes, as its a fluid the pressure must be the same throughout the system, the wheel cylinders are a much larger diameter than the master cylinder so for the same pressure in the system you get, I would guess about 6 times the force on the front pads and say 3 times the force on the rear pads, the drawback is that to get that force you have to move the pedal much more than the brake cylinders move at the discs. The brake cylinders actually move about 0.5mm for discs which equates to about 20mm at the slave, which by the time you allow for about a 3:1 lever ratio at the pedal say, your foot has to move say 60mm plus a necessary bit of slack. Even a tiny amount of air in the pipes can make a huge difference to the pedal travel. The servo helps your foot by using the engine vacuum to add some extra pressure to the pedal. (I've ignored the brake pressure compensator for simplicity)
That any use to you?

BTW, The car has to be level for the bias valve to be fully open, in other words best to bleed the rears when the car is not jacked up at all.