Let me see if I can help you out... ...
The issue here, if the master and slave are working and there is NO air in the system..... than the following should be looked at.....
Lets first understand that if the disc is the correct diameter and the correct splines on the hub it might not be the right disc... . and if the cover bolts to the flywheel it mgiht not be the right cover.....
Also understand that the exact disc or cover with a few modifications will become different part numbers for different applications... ... .
The fingers on the clutch cover are designed to be at a certain working height based on the thickness of the disc when the clutch is installed... ... on a new flywheel... ... . based on application
As the disc wears it becomes thinner... ... as the disc becomes thinner the fingers on the diaphragm move towards the transmission moving the release point on the foot pedal up.....
If you have this basic knowledge you can assume that your cover is either set wrong... ..... the disc is the incorrect thickness..... or a combination of the two.....
We only sell these parts as matched pieces, as a disc that's lets say only . 025" thicker than normal will move the fingers more towards the engine... ... which requires more pedal movement (towards the floor) to fully release the clutch... ...
It the guy who sold you the clutch gave you pieces, instead of matched set in a box this could be your problem... . in addition its possible for the vendor to install the wrong facing on the disc... . grind the pressure plate to the incorrect thickness. etc... ...
Now I've seen enough of these that for me... . the simple answer is to lengthen the shaft thats on the slave cylinder instead of taking the clutch back apart... ... . (we see this a lot from people who want their truck fixed after someone else worked on it)
Now lets talk about the grinding of the flywheel... When the flywheel is ground..... the complete clutch assemlby moves towards the engine... ... which means that the release bearing has to move farther to make the clutch release and this means the pedal moves closer to the floor... ... how many times has your flywheel been ground and how much has been removed... ... do you know.....
Don't buy a spacer to go behind the flywheel..... not a good thing... again do the following... ...
The simple answer is to lengthen the shaft thats on the slave cylinder instead of taking the clutch back apart... ... . (we see this a lot from people who want their truck fixed after someone else worked on it)
Your working with a lever,,,, how much do I lengthen the shaft... . we start with about a 1/4" and adjust from there..... We measure the shaft, cut it and put both ends into a piece of tube, measure it and tack weld it together... ... works for us.....
One last comment..... some shafts that come out of the slave cylinder have a plastic plug on the end of the shaft to work as a lube so that your not metal shaft to metal lever... ... if this plastic boot goes away you've lost some space as well... ... .
I hope I've answered some questions without making this more dificult to understand.....