Checked pad pens which seem to be fine. Working/testing bike on center stand on lift. I unhooked the line going from rear master cyl to front of bike. Used the master cyl with just the rear caliper and wheel spins free. When I activate only the secondary master cyl, the rear spins free. So when the whole system is hooked back together the wheel drags. This leads me to believe there is a problem with the time delay valve. I purchased a used delay valve and put it on. Same problem. Then took the delay valve off other bike and put on this one. Same problem. My next step is to get the other bike back together to be sure it is still working properly.
I use a vacuum bleeder along with the conventional bleeding method as instructed in the maintenance manual. I've replaced the rubber hoses but have not yet addressed the hard lines.
By the way, both bikes were working fine and no previous issues. One bike is mine, one is my wife's. We can't pin point the start of the issue. Changed the tire (yes, did inspect everything w/the wheel to be sure that wasn't the problem) then rode about 700 more miles over 3 days in serious curvy roads using the back and front brakes fairly hard. Then got home on the straight roads and rode about 100 miles. When oiling the chain, could hear metal on metal. Discovered that the brake pads had been worn to the metal. I assume it was the last day that we rode the 100 miles that the problem started but cannot be sure.
Thanks for your input. Any more ideas are welcome. In the next couple of days, I hope to get more chances to work on it.