Man... stubburn issue, KAK.
I remember a thread, on the old forum (one of the lost gems), about stubborn master bleeds. Someone, I think 1bad, figured out that he could get all the bubbles out if the clutch was bled with the bike leaned over to the right (away from the kicksand)... Sent you a PM a couple days ago, but I guess you didn't get it?
Also... came across this tip, over on BL, that might help you out:
Do what i did, i did a 2 way bleed. Since air has a tendency to go upwards some of the air maybe trapped at the MS or some other high point. What i did is bleed the air/fluid out as much as i can with a clear tube holding it up. When the clear tube was full of fluid and bubble free i blew the fluid back in the slave forcing the fluid upstream (but make sure you don't blow it all back in because you'll introduce air), low and behold the air started to bubble up at the reservoir. I did this many times when i found stubborn air bubbles that wont come out.
Good vid, Hub... "No clutch burn, Baby!" lol
"Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride!” HST