[jeffspower]

Those Fords can be a pain. The best way I have found is:

bleed all the air you can get out with the bleeder. Then, pump it full stroke as fast as you can, then walk away for 1/2 hour. When you come back to it, only "twitch" the pedal repeatedly, just barely moving the master cylinders piston until you start to feel resistance. This will bring air out the top, instead of trying to push it downstream.

Pump/ walk/ twitch/ try repeatedly until you get a pedal. Sometimes the "last little bit" I will drive out- seems to help bouncing down the road.