Gyrobob
Serious Thumper
   
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Posers ain't motorcyclists
Posts: 2571
Newnan, GA
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On a caliper that has been used for 23 years, and has probably seen less than marvelous maintenance for at least some of those years, it would be a miracle if the caliper is still smooth and shiny inside. The piston is not moving smoothly and retracting to its proper position when you let go of the brake lever. (the most likely problem on an old, well-used caliper)
There are lots of other possibilities: the caliper is not sliding smoothly over the bolts it rides on,... or the seals are sticking inside the caliper,.... or the pads are not moving relative to the caliper,.... etc.
The whole assembly has to be clean, corrosion-free, no pitting, smooth sliding surfaces, with flexible boots and seals, and very slightly lubed in order for it to work properly. It is amazing that disc brake systems like this work so well when so many things have to perform properly for it to work at all!
Bad news / good news ......... -- Bad news: You may be looking for a new caliper soon. -- Good news: A used caliper is as good as a new one if you can verify the cylinder inside is smooth (no pitting or corrosion), and you get all new expendable parts (seals, boots, etc.) At Ron Ayers, a piston with a piston seal and dust seal is about $24.
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