[blykins]

If the amount of pedal travel is about an inch before you feel resistance, then that's about right and can be fine tuned to suit your driving preferences.

The slave cylinder travel isn't anywhere near enough though, you will probably need closer to 1.5".

You said that you bled the slave, but did you bench bleed the master? Sounds like you still have some air in there somewhere.

If you're curious as to when you have enough engagement, have someone push the clutch pedal down, and if you can freely rotate the rear wheels with the trans in gear, you're on the right track.