Replacing my Brakes Options

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This weekend was step one of two of replacing the brakes on my '76. The previous owner upon selling to me told me that he had rebuilt the front calipers and the brake fluid looked very nice and fresh in the master cylinder. Looks like a nice fresh tank of ATE super blue..... I will find out later that what's in that tank doesnt look like what's in the brake lines....

I started this project because when turning the wheels in the rear to set timing, I can hear the left rear brake dragging, and loudly. I feared it was a bearing, but it wasnt. The brake was dragging. I lift the car and put it on 4 jackstands, the evil kind (IMG:style_emoticons/default/sad.gif) I need some proper pin-thru stands. I have all 4 tires under the car in case the car decides it wants to smoosh me.

I'm using 4 new rebuilt calipers from Eric Shea. With these calipers are 4 new rotors, new front bearings, new seals, 4 new softlines, all new pads. A total of $1038 in parts from Eric.

From the pic...the parts are gorgeous!

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Okay, I've calmed down a bit and realize a mistake I made.... I didnt do the venting clearance correctly. if you dont set it very well, does that make the brake pedal feel miles long? I must have incorrectly thought that any pressure on the brake system will make the brakes work. I didnt realize they have to be really close. I thought the front brakes would at least work well.

The venting should be done with the pad seperators off, as I read from pelican. I did mine with them on, I guess that was the wrong thing to do (IMG:style_emoticons/default/sad.gif) I'm having a friend come over (has two porsches, a 993 and a 76 911) and have him help me with the brakes (he's done lots of bleeding and can tell me what to do if I mess up)

the engine tuning I probably will have done by a professional and from there I can maintain it. i'm just not experienced enough to get it right, and I'm afraid I'll kill the engine if i keep this up.