I recently took my valve apart and it looks like it would do more than just activate the light, when it moves to one end or the other it looks like it partially blocks off what ever ciruit it moves toward.If you are having problems with the valve or to avoid problems why not remove the piston and then you wouldnt have to worry about the valve causing unbalanced braking? When your bleeding the brakes isnt that the same as having a leak causing the valve to at least partially shut down what ever circuit you are bleeding--possibly making it harder to bleed??? I really dont know for sure just asking and trying to figure it out like everybody else.