A note when doing bleeding. SLOW is the operative word. If you take things slow, you shouldn't need the switch mounted holding tool for the shuttle valve. Although, it's not a terrible idea to use it just to make sure.
As the GM service manual suggests- Once off, press the brake pedal several times to bleed off the vacuum in the booster. Then, if air is suspected in the master cylinder, bleed the master cylinder by disconnecting the forward brake line to the master cylinder. Fill the resi with brake fluid until the fluid drains out the hole. Reinstall and tighten the brake line to the master.
Now, slowly press and hold the brake pedal, then slowly crack the line to the front reservoir, bleed air, then retighten. Slowly release the brake pedal and wait 15 seconds. Repeat, including a 15 second wait after releasing pedal (you have to wait every time you release the pedal, so drill that in your head), until all air is bled from the master. After you're happy with the forward tube bleed, now repeat the whole thing for the rearward brake line to the master cylinder. Again, wait 15 seconds after releasing the pedal for pressures to equalize.
If you are replacing the master cylinder, you should have been smart and bench bled it first and put plastic plugs on the master cylinder outlet ports when installing. Regardless of WHAT YOU DO, DO NOT GET BRAKE FLUID ON PAINTED SURFACES during any brake bleed operation.
Set up your brake bleeding deal, with your jar part filled with fluid, clear tubing, and bleeder wrenches as necessary. (G-bodies use tool J-21472 for the disc bleeds, and J28434 for the drum bleeders if you want GM tools for whatever reason). Start with the Right Rear first, then make sure the reservoir is filled with fluid. SLOWLY depress and hold the brake pedal, loosen bleeder, and watch for air bubbles. Ensure the tubing seals around the bleeder fitting your you'll get false air reading. Tighten fitting when fluid/air flow stops, then SLOWLY release brake pedal, wait 15 seconds, and repeat until all air is out of system. Ensure you don't run the master cylinder dry and refill as required.
Now do Left Rear, Right Front, and finally Left Front the same way.
Service manual states: "Rapid pumping of the brake pedal pushes the master cylinder secondary piston down the bore in a manner that makes it difficult to bleed the system." This is important as the secondary piston sort of floats in the master cylinder bore. Also, if you get too crazy and you're not using the threaded in shuttle valve holding tool, you run the risk of actuating your brake light switch and shifting the combination valve. It's supposed to work that way, but only in emergencies, not while bleeding the brakes.
A combination depressor too, J-23709, is used to hold the front metering valve "button" in on the combination valve when pressure bleeding the front disc brakes. Loosen the front combination hold down bolt on the frame and slide the tool in, tighten the bolt, and commence the pressure bleeding.
Just some stuff to consider if doing brake bleeds the old-fashioned way.