The accumulator ball and the "assist" side of the MC has nothing to do with the "braking" side or pedal travel?
If your pedal travel is down to the floor, you have air in the system, or more likely a bad or worn master cylinder which is allowing fluid to bypass.
As far as bleeding the brake side of the system, it is like any other of millions of cars w/o aPM, no special tool or pressure bleeder is required.
The cardinal rule in bleeding any brake system is to be SURE there is no air in the master cylinder. It must be bled first, then go to each wheel cylinder.
As far as the prop valve, it is just along for the ride when you are bleeding the brakes.
After 25+ years it is not reasonable to "assume" that just a ball replacement is the only wearable item that needs replaced in a PM, there are seals, o-rings, check valve and other parts that do not last forever.
In my opinion, if you want to retain the PM unit on your GN, get a fresh, rebuilt unit from Kirban and you will have a reliable unit that should give you lots of trouble-free miles w/o suddenly finding yourself, or your wife, with no braking assist.