As so often happens, one must answer one's own questions. I hope this additional info will help others.
The pitch and thread of the switch is 10mm x 1.00. There are many offers to be had on Amazon and Ebay, at a cost of about $6 to $18. I chose this one:
http://smile.amazon.com/Tusk-Hydraulic-Switch-Brembo-Brakes/dp/B0039ZS0W8?ie=UTF8&psc=1&redirect=true&ref_=oh_aui_detailpage_o00_s00It is advertised as a universal fit for Brembo systems, so it may fit many other Guzzis. Shipping was fast and free.
There is not point in pressurizing the M/C when removing the switch as no air will be drawn into the cylinder. The mess it makes will not be worth it.
However, since the switch has hollow passageways, putting in a new switch will introduce some air into the system. Some suppliers advocate filling the switch with fluid before installing--but I found this to be impracticable.
What worked very well for me was, after installing and wiring the switch, pressurizing the pedal (I had my wife do this) and then slowly cracking the switch/banjo bolt (with a rag wrapped around the fitting) until the pedal began to go down, then tightening and releasing the pedal. Dong this three times bled all the introduced air out, without too much fluid loss, and gave me back my firm pedal, without having to bleed the rest of the system--though I did that anyway.
The Tusk switch came without the 90 degree boot, so I just reused the old one, and spliced in the stock connector as well. It comes with a pair of aluminum sealing washers, but I decided to anneal and reuse the stock copper ones. (Been doing that with my old Triumphs since the first time I took a wrench to a bike--back in 1969!) No leaks.
The switch works as it is suposed to do, triggering the light just as the pucks kiss the disk.
Other reviewers on Amazon seem pleased with the longevity of the part, so I am hopeful I won't be doing this job again soon!
Hope this helps.