"Spongy feel" ...if ya pump the pedal does the pedal get firmer or stay higher ??
Did ya bleed the master cyl. off the car ??
Was the pedal spongy before and after ya installed the Wilwood adjustable proportioning valve ??
Torino calipers may not be the same but on 73 to I believe 79 F 150s, the front calipers have a left an right
If installed wrong, they canna be bled properly
Lastly, how does the car stop at the moment ??
Ricky.