OK, so I've got some results, take a look at the attached pics.

Basically the old brake fluid is the clumpy brown stuff, the jar has water in it otherwise.

Upon dropping the brake fluid into the jar the two completely intermixed, there was NO separation. The results you see here is what I found the following morning, so about 12 hrs. later as the mixed brake fluid in that water medium settled out.

I will test against a NEW DOT3 fluid next...

Also, sorry about delay in responding...my motor is finally back in the coupe, all things have been re-connected so TODAY is the big day, we re-start unless we get rained out! lol (the plan was for yesterday but it pretty much rained the whole day and I have to get the car out of the garage for that event)