If you do the elastic band trick,to be honest it bleeds the lever almost solid,so you can end up with zero feel,it soon goes back to a more practical feel,i normally use it when i've had either the pipes or calipers off and i can't be arsed to bleed every last bit of air out of the system when an elastic band will do it for me.
As far as the front brakes are concerned i solved what i consider to be a very average offering by Triumph by taking the hole lot off and replacing with Beringers.
Re,buying another bike,now thats an interesting one,i have to confess over the years to have done more than my fair share of the headless chicken routine when it comes to buying bikes,having had a couple of Africa twins and then a new Tiger in 99 when bought my 955 in 2001 the deal cost me £2500 and the old Tiger,so i worked on the basis if it cost me 2500 every 2 years after 6 the bike would owe me nothing,i've had it 8 and it's still going strong with 30,000 and i've got the £7500 that i've saved in that time,just wish i'd worked it out years ago!!,although i have to confess to having run at least 1 other bike along side it.