Wow, no one's asked the obvious question - is it leaking brake fluid or gear oil?
Measurement check - get under the truck with a tape measure or ruler and have an assistant work the pedal. Measure the fork travel at the very tip end. Should be 1/2" to 9/16" minimum. If it's less, then the problem is "upstream" - hydraulics, pedal linkage in the cab, pedal box bushings, firewall flex/crack. If it's at least the minimum, then the problem is "downstream" - fork, throwout bearing, pressure plate fingers.
If it turns out to be the hydraulics, they're a b!+ch to bleed. The '92-later trucks have an option for a pre-bled pre-built kit, master-line-slave, bolts up in a few minutes. No reason why they couldn't make one for the slantnose / bricknose, they just don't. When the slave failed on my '85, I bought a '92-up pre-bled kit, made some minor mods to the bracket that holds it to the firewall, used my own bolts/nuts to mount it. It was no more work, and a LOT less frustration, than assembling/bleeding the components, and I know the master and slave are matched and both new.