LOL.
Never done this before, honest.

....but, I may start a new business and take on all the work that SME is rejecting, saying it's not repairable. Mule-muffins!
One thing I did do that strayed from your instructions a bit was to place the bleed screw in and tighten on the second round of silicon pumping up/down of the lever.
The first supply of fresh silicon, I left the bleed screw off as you had mentioned. Pumped up/down several times, air bubbles came out.
Removed the cap and with the piston in the down position, I re-filled it a second shot of silicon. I actually over-filled it. I placed the cap back on, some silicon oozed out of the sides and bleed hole. Wiped off the excess from the sides and bleed hole, inserted all three screws in and tightened.
Pumped the lever up/down several times again. Piston dropping nice and slow.
I figured if I closed the bleed hole on the second shot, the pressure from the pumping action would force the silicon down the sides of the piston.
I've been pumping on a regular basis, just to make sure all is ok. So far, so good. Drops nice and slow.
All that's left now to do is to make a rubber nipple to insert into the shaft. I still have the original one, but it's starting to look like something the cat dragged in. I'm looking for my wife's hole puncher for belts and a nice piece of rubber. I may end up going to my local bicycle repair shop and asking for a piece of scrap inner tube, punch a tiny piece out and insert in here:
Again, thanks for your help. Much appreciated.
Cheers.