i had the same thing BUT it was on a ford corsair.
turned out that one of the wheel bearings was loose and the wheel had play thus the disk having play and the pads not braking properly onto the disks and losing pedal feel in the same circumstances as you described.
so i just tightened up the bearings and the associated bolts and problem was solved.
i too thought my booster was fucked or that my lines had air but ended up being the loose nut.
check it out.
you never know
Fil