[V8] Bleeding the brakes

[Jeremy Ward]

Hey gang, it's time for me to replace la Bomba as well as my brake lines.  I
have all the parts now to do the job, but have a few questions about
bleeding the brake system...

When you remove the bomb, does brake fluid come out?  Do you have to do
anything special to get new fluid into it and air bubbles out of it?

Is there anything that can be done / should be done to get old fluid out of
the ABS pistons (etc)?

Can I bleed the brakes old school style by having one person step on the
pedal while the other person opens the valve on the caliper, or should I try
to find someone with a method to push or pull the fluid out?  (can't spend
$70 right now on a new tool).

Thanks in advance for your tips and tricks!

Cheers,

- Jeremy