Ive used a MityVac to bleed and it seems to work just fine. As far as pulling seals thru because of the vacuum, I dunno....I didnt really crank down on the vac pump, just enough to get the fluid to start flowing...
It's a crapshoot. I know folks who swear by vacuum bleeding -- they say they've never had an issue. I've been bitten by it before. several times on street cars and twice on a race car.
The last time was on a race car. We never could get a firm pedal after a brake swap. Everything brake related on the race car was new except for the hardlines (calipers, hoses, master cylinder, etc...) The owner filled up the master cylinder's remote reservoir with Castrol CRF and I started pumping at the farthest brake caliper, working my way to the closest with him monitoring the fluid level so that it never ran dry.
We had spongy brakes and a long pedal -- classic signs of air in the system. So we re-bled. We got bubbles and a spongy pedal. Bleed again. Bubbles and spongy. One more time -- bubbles and spongy.
By this time we'd run out of SRF (and at $75 per quart, this stuff is expensive!) so after buying more fluid, we switched to the two-man method. BINGO! We pumped out a ton of air and got a nice, firm pedal.
In all We pumped about 2 QUARTS of fluid through the system before we got all the air out. The system's capacity is about a quart, maybe a touch less.
As far as we can tell, the mightyvac was pulling air in at the master cylinder and pulled it through the entire system. Thank God the car didn't have ABS -- I don't relish the thought of bleeding an ABS system with air in it.