So, a quick search shows Trevinator is the winner. It took Peter about 20mins to find the problem. After some tapping and reinstalling the caliper, the bike is going on maiden voyage this am.
During my initial install I cross threaded the right caliper bolt. People had asked and I always said "no" as I was only looking at the male end. Peter shows up, quick assessment, and the female end was chewed up. Got out the tap set, he redid the threads, put it back on, bled again and everything is flush and square. Tire spins, whole brake pad grabs.
Supervisor isn't impressed with me...
The pic shows how much the bolt was off that it wouldn't mate flush with the caliper.
I would like to thank Peter for riding out and getting hands on, and everyone else who has helped and offered advice and guidance.
Hopefully I won't need to post after my sun am ride to say anything bad happened!
If anyone is ever in the Hamilton area of Ontario, feel free to stop in for your free beer.