Success!
OK, I tore everything apart, and the circlip/snap-ring was not seated in it's groove. There was so much crud in there that at first I couldn't even see the groove. Cleaned everything up and put everything back together. I wasn't real happy with the fit, it seems the groove is a bit shallow to get a real good grip on the snap-ring. I will have to see if it pops out in the future. If it does I will machine the groove deeper and use a little bigger snap-ring, or drill some small holes through the housing and pin it with some small roll-pins. The spec for the adjustment calls for a 7mm difference between the footrest and the pedal height. This seemed a little wonky to me, so I adjusted the push-rod till I had a tiny bit of free travel in the pedal. The old fluid was really nasty, hadn't been changed in a while for sure. Thanks again for all the helpful posts guys. :bow:
Jeff