You are right, it prevents the calipers from collapsing so the pad remains in contact with the rotor. With the caliper piston being much larger than the master cylinder, if the caliper collapsed, it could take several pumps to refill it, in theory, and you wouldn't have good brakes.This is the way it came from CCR. I'm sure Jerry knows more about this than I do. I thought the check valve was to keep the brakes from bleeding back to the MC. Not sure.
Out of queriosity, what master are you using?I will just leave that alone then but I respectfully disagree with Jim at CCR..........I have 4 wheel Disk on my bucket and I have neither a check valve or a Prop valve and the car will stop on a dime & give you change on the first pump........My master is below the floor in my bucket.........
Indycars - Great Info! Thank you!