ok im not sure if im reading u right u say there is a slave cylinder behind the throw out bearing do u meen like the ax15 if so I think u are wrong here is the np435 break down http://fordification.com/images/downloads/NP435-rebuild.pdf
now I have an external slave cylinder mounted to the amc bellhousing that I got from novak convertions it dose have a bleeder and I think they sold me a pice off sh** I did bleed it and ill do that again tomorow but im not to confident that is my problem :-|