I agree, I watched TC do his brakes with this system and it was cake. Too bad I don't have any room for an air compressor :(
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The "Power Bleeder" I linked isn't a vacuum bleeder. You use it to put positive pressure on the master cylinder. Then open a bleed screw, wait for nice clean fluid w/no air, close bleed screw... Lather, rinse, repeat until all 4 wheels are done. Hard to get much easier than that.