Should be Kelsey-Hayes RWAL. Early RWAL had cast-iron body, with a bleeder valve. Later RWAL had aluminum body, no bleeder valve.
I have a Snap-On MT2500 with the ABS cartridge. I've done the ABS bleed with it; no luck. I've adjusted my rear brakes; no luck. My front pads are brand new. All new rubber lines, front and rear.
1. Does your '2500 have an "auto-bleed" for the ABS, so that it pulses the valves? I didn't think the RWAL had an auto-bleed option. It would be nice to be wrong about that. I never had an ABS cartridge. The "Domestic Primary" programmable software would do ABS auto-bleed on my Trailblazer, but not on my '88 K1500 or my '97 K2500. I haven't tried ABS service on the '88 RWAL with my Solus Pro.
2. Do your calipers work properly? I've seen them get really crusty; they "work" but the piston doesn't move as freely as it should. Thus the front brakes don't apply like they should, leading to "weak" braking. Secondary issue--the earlier "regular cab" trucks got JN3 brakes, which have the smallest pistons in the calipers. I don't remember when they got rid of the JN/JB3 option. JN/JB5 calipers are a substantial upgrade.
It's the brake light, not ABS light. If I put the E-Brake on, the light gets brighter. Once the E-Brake is off, the light gets dim and stays that way. This usually means there is a trouble code stored within the module itself.
Am I wrong? If the ABS light is on, you have stored codes. If the BRAKE light is on, you have a pressure imbalance between front and rear hydraulic circuits; which is nearly always air in the system, but could be ABS or faulty master cylinder.
I gotta go verify with the service manual later.
I pulled codes. I got one code for the dump valve and the module itself. Also, to add to your comment, while the electronic part of the system may be disabled, the fluid still has to pass through the iso/dump valve, which, if mucked up with 30 year old fluid mixed with moisture will probably contribute to this issue.
Again, I gotta research this. Seems to me that just the act of pulling codes triggers a code.
If the isolation valve is stuck
open, your anti-lock wouldn't work, but you'd have "normal" rear brakes that might lock-up.
If the isolation valve is stuck
closed, you've got no rear brakes. The pedal "should" be high and hard. The safety switch would probably light up the (RED) warning light on the instrument cluster.
Do the rear brakes get hot if you stop hard from highway speed?
If the dump valve is stuck closed, your anti-lock wouldn't work. It couldn't relieve pressure to get the rear wheels to turn again after locking.
If the dump valve is stuck open, you'll have low, squishy pedal, no or nearly-no rear brake action. Again, the safety switch might trigger the red instrument cluster light.