Well I removed the plugs and I imagine the pin inside should move. But I don't want to force it. 35 year old car with leaky brakes so there was sludge in lines and definitely moisture. It is a disc/drum set up. I'll probably just close it up with new washers and see what we get after we bleed everything. BTW I was thinking DOT 5 (silicone) brake fluid any thoughts?
Unless you have REASON to believe the thing has problems, I'd leave that valve alone. There's not much in there to go wrong.
Silicone fluid is a waste of time; I know, I run it. You can get the story off the net, but basically: while it doesn't eat paint (good) or soak up so much water from the air (good) it soaks up air (bad) costs a lot (bad) is incompatible with everything else (bad) and all in all, all of the benefits you get from it are more easily obtained by simply bleeding your brakes generously every year. There are some marginal positive effects at high temperatures, but that's old news, and there are newer, cheaper, better fluids even better that are compatible with good old dot3.
My 63 Rambler has it; big waste. It's fine, in there, but I have to carry around a bottle of juice in the toolkit just in case. Plus brake bleeds now cost a lot more.