Right, but it's a bit more detailed than that...
I use a bottle half filled with fluid. I take push a hose on the bleeder and stick the hose in the bottle.
I then have the helper pump the pedal a few times then hold the pedal 1" off the floor. No more, no less.
Crack the bleeder open and watch all the bubble come out of the end of the hose.
This prevents it from sucking air back up when you open the bleeder.
Do each bleeder this way 4 or 5 times and I promise you'll get the air out. It takes time.
Why didn't you upgrade the MC and Booster to a late model while you were doing it?