The proportioning valve requires a two step bleed, since it has two open positions. In theory you can bleed either one first, but I've been successful more often if I push the piston up, bleed the valve, and then let it drop and bleed it again.
This takes two people, unless you have a pressure bleeder (I like Motive's, but that's just my opinion).
Also, if you let the fluid drop below the ports in the master, it has to be "bench" bled before you bleed the lines, although if you're careful (and believe the FSM), you can do it without removing the master cylinder.
Whatever you do, don't turn the ignition on while you're bleeding. I have a feeling (that I can't prove) that he ABS module runs a self test and opens at least one port during that test when the ignition switch is turned from "OFF" to "ON". If the master cylinder is dry, that will let air into the ABS module and then you're mushy forever. Or at least until you figure out how to bled that thing.