With your brake binding, this comes up every once in a while .
With the mster cylinder cap removed, there are two ports at the bottom of the reservoir drilled into the metal of the master cylinder, one is large hole, it provides fluid to the master cylinder piston .
The second looks like a conical depression, there is a small hole at the bottom, if this hole clogged, it won't release all the pressure in the brake system when the lever is released .
I would make sure this hole is open before any more troubleshooting .