After all that reading I think too much thought has gone into this, lol.
After pulling my 69Z out of a 30 year slumber I had to replace all the brakes. Calipers, wheel cylinders, master cylinder. I can say the brakes are fantastic, stops on a dime with very little pedal movement or pressure.
I didn't even bother to check for the pressure valve in the master, but it is a correct master bought from HBC. That doesn't mean it's there, and I'd bet it probably isn't. But I tend to lean towards the last post in that link posted, that the design of rear wheel cylinders has changed to the point that the pressure valve may not be needed. Since I changed my rear wheel cylinders I can only guess that is why my brakes are working so well.
I have other disc/drum cars here, that have all had master cylinders and rear wheel cylinders replaced while I've owned them. Most of them are just store bought rebuilt stuff, and all their brakes also work just fine. Whether they have pressure valves or not I can't say for sure, but I doubt it since they are equipped with store bought rebuilt $20 master cylinders. So why are those brakes working so well for me?
Also just recently, I installed a new master cylinder on my fathers 69GTO, a correct style with bleeder screws (looks just like my 69 Z but without the casting numbers and stamps) He bought it off Ebay, likely no pressure valve in that one. I put hydroboost behind it. Fantastic brakes. I put wheel cylinders on this car maybe a dozen years ago. So I'm seeing a pattern here that relates to the last post, so maybe there is something to it.
My thought is, rather than mess around for weeks worrying about pressure valves, then buying rebuild kits for $30 just to get one piece out of it only to find out it doesn't fit, why not grab a pair of rear wheel cylinders for the same money, swap those along with the master cylinder change, and be done with it?? A lot less headache, and less time spent. If the wheel cylinders are old it's probably time for some preventive maintenance anyway