I think Eric still sells a ftp kit for the 7 series: a stock valve with no bleed hole, and a flat top piston.
I've found the plugged bleed hole prone to cracking the aluminum around the repair over a fairly short period of time (this on a pump&dump build)
The S&A kit makes good sense in this respect, and it isn't that much of a cash out lay.
Regards,
Doc Sharptail