Perhaps the master can't push enough fluid to properly engage the brake caliper. Or there is still air in the lines. I've bled brand new hydros before and sometimes it takes a lot of bleeding to get all of the air bubbles out.
Gents (and ladies), I passed my MSF class today with outstanding success. Just have to wait for my forms to come in the mail and then I can take my DMV permit test. Then I can actually get out on the open road rather than screw around on the trails and private roads around town here