I did a thorough rear brake bleed last night and there were ZERO bubbles of air at either end of the system. Usually, with a soft pedal, you'd expect expect air bubbles at one end or the other, or else the fluid is just old and has a high moisture content, so I also tested the moisture content of the fluid at each end and the fluid was as good as fresh from the bottle at both ends. This is NOT a bleeding issue. It is most definitely an issue with the ABS modulator or system high point. Given that I do not think Triumph is stupid, I'm guessing they know they have an issue with the Modulator, but that fix is too expensive, hence the band-aides with the bigger master cylinder. I would guess it's also an intermittent, or tolerance issue, hence why not everyone has the problem. They've probably fixed the issue in production for later model bikes, which is why there's no new part number.
All just engineer best guesses on my part, but this one really angers me. I take brake performance seriously and "you just have to pump the rear brakes to get them to work" is something from 1925, not 2025.