I realise this is an old thread, but I was having the exact same problem in my
new TRX and I solved it, and thought the info would be worth adding to the general forums information.
When I got the car, the clutch had too much free play - the pedal would have to hit the floor to engage and would sometimes not come up. I first serviced the slave since that's a piece of piss and costs like $10, but this did not fix the problem. I was certain that there was not enough pressure in the system. To rectify this, I took out the master and added about 2cm of length to the rod by using an overlarge nut to attach more thread (which I cut from a matching size bolt). The problem then was that the clutch was not moving back quite far enough for the piston in the master cylinder to pass the hole from the reservoir so that it could suck more fluid in. I fixed this by screwing out the clutch pedal stopper screw about one centimetre.
This did not quite solve the problem, however. By this stage I was convinced the movement of the master cylinder pushrod was perfect, but there was still not enough pressure in the system to disengage the clutch. So i figured, if there's not enough pressure, maybe that means there's not enough fluid in the system. The clutch fork pushes back on the slave cylinder when you release the clutch, and in so doing it pushes the piston in the slave back a little. This means that there's less room for new fluid to enter the system.
So, to solve this I got an assistant to pump the clutch pedal while I used the end of a wooden handle of a hammer to push against the clutch fork in the same direction the slave cylinder does. It is not possible (or at least is very hard) to push the fork anywhere yourself, but the force I was applying was enough to stop the slave piston being pushed back so far into the bore, and as a result more fluid was able to enter the system.
After doing this a few times, the clutch now works beautifully (I actually think it wasn't quite disengaging properly when I got the car) and it engages about 5-7cm from the floor now, instead of at the floor. Yay!