Correct, but "newer" means c.a. 1970's. The change was that the springs in the wheel cylinders have either a cup or a tightly wound spring to form a cup. That keeps the lips of the rubber piston seal tight against the bore. Before that, the "residual valve" locked up ~10 psi to keep the piston seals tight so they wouldn't leak. No need for a residual valve in the MC since. The only people who use them now are hot rodders who install the MC below the floor.