Just an update.....there is no update! I'm been either very lazy (on these hot, humid lazy days of summer) or not very motivated. I remember last year pushing hard to get my Elan Sprint done in time for LOG36. There was a reason to get it done, but here, i've got no deadlines, so it's been sitting patiently at the back of the garage waiting for me to get back to work!
A note of optimism, the water pump leak has slowed or stopped altogether. Perhaps flushing the system with the acid-wash caused the water pump seal to leak? Now that antifreeze is in the system, it seems not to be an issue. Time will tell.
The brake system as a whole is a monumental task, however if i break it down into sections, i should just chip away at each task, and i would have been done long time ago. Need to rebuild 1) master cylinder, 2) front calipers, 3) rear wheel cylinders, 4) brake boosters, then 5) bleed system and hope for the best!
After that, it's just claybar buff and polish. Oh, and tidying up the engine bay, degreasing, replacing cam cover gasket, block oil drain tube, etc.
Gee, i'm awfully comfortable sitting in my easy chair watching TV right now....