Ok.. soI got it mounted correctly I think, but the question now is this. .the bleeder valve is directly on the bottom. .will that be ok?
My clutch master cylinder did not have a bleeder valve. Probably a different manufacturer. The one you have should face the top and probably does when fitted to the F550 it was intended for.
Here is how I bleed mine and it works very well once the entire system is complete.
1. Fill system all the way with the clutch slave cylinder detached from its fixed location ( just let it hang by the line).
2. Once it has sat for 5-10 minutes unplug the clutch master cylinder by turning it 1/8 turn counter clock wise.
3. Tip the clutch master cylinder upside down and carefully watch the piston in the clutch slave cylinder.
4. Gently depress the push rod on the clutch master cylinder carefully watching the piston on the clutch slave cylinder. Only depress the pushrod enough to see the piston begin to exit the bore in the clutch slave cylinder.
5. Depress the piston completely, quickly, and with force to push the air back up the line. Watch for bubbles at the reservoir. Make sure you do this with the clutch master cylinder in the upside down position. If done as outlined no air will not get trapped in the clutch master cylinder, it will follow the line up to the reservoir and leave the system.
6. Repeat steps 4&5 at least 10 times while making sure your fluid reservoir remains full. If time allows let everything hang over night keeping the clutch slave cylinder upside down at all times. If time does not permit it should still work fine right away.
7. Return all components to original position.
This should remove all the air from the system and give you a very good pedal feel along with as much travel as possible. I don't even use the bleeder at the clutch slave cylinder any longer.
If air ever enters the system again the entire procedure will need to be repeated.