A visual inspection of the brakes would suffice for that left side. You may have overreached a parts individual travel from to much wear and it might have fallen out of place jamming something up. However if the sagging was caused by you driving while it while binding then that should go away while in neutral without pressing the brake. You could have also broken a suspension part which is causing interference with a brake line.
Perhaps it was always sagging a little but becomes more apparent from recent interest in it.
One other possibility is that you may have suffered a one-time event of the TSB below.
Bulletin No.: 02-05-25-006B
Date: January 05, 2006
TECHNICAL
Subject:
Antilock Brake (ABS) Activation At Low Speeds (Clean Wheel Speed Sensor Mounting Surface)
Models:
1999-2000 Cadillac Escalade
1995-1999 Chevrolet Silverado (Old Style)
1995-2000 Chevrolet Suburban, Tahoe (Old Style)
1995-2003 Chevrolet Astro Van, Blazer, S10
1995-1999 GMC Sierra (Old Style)
1995-2000 GMC Yukon, Yukon XL (Old Style)
1995-2001 GMC Envoy, Jimmy
1995-2003 GMC Safari Van, Sonoma
1995-2001 Oldsmobile Bravada
Supercede:
This bulletin is being revised to update the correction and warranty information. Please discard Corporate Bulletin Number 02-05-25-006A (Section 05 - Brakes).
Condition
Some customers may comment on ABS activation at low speeds, usually below 8 km/h (5 mph). Upon investigation, the technician will find no DTCs set.
Cause
The cause of this condition may be an increased air gap between the wheel speed sensor and the hub reluctor ring due to rust and debris built up on the sensor mounting surface.
Correction
Measure AC voltage and clean wheel speed sensor mounting surfaces.
1. Raise the vehicle on a hoist.
2. Disconnect both the front wheel speed sensor harness connectors.
3. Place a DVM across the terminals of each sensor connector.
4. Rotate the wheel with hand speed and measure the ACmV's. The reading should be at least 350 ACmV's.
5. If the reading is between 200 and 350 ACmV's, remove the wheel, caliper and rotor in order to gain access to the speed sensor.
6. Remove the wheel speed sensor and plug the hole to prevent debris from falling into the hub during service.
7. Clean the wheel speed sensor mounting surface using a wire brush, sand paper, emery cloth, ScotchBrite(TM) or other suitable material. Be sure to thoroughly clean the wheel speed sensor surface. There should be no rust or corrosion.
8. Check the sensor head to determine if it has been warped/distorted due to the corrosion build up or other causes. Check the mounting surface on the sensor head for flatness by placing it on the edge of a metal machinists scale or other suitable straight edge to measure the flatness. Check the sensor for flatness in multiple (minimum 3) positions/directions. If the sensor head is distorted, replace the sensor.
9. Apply (spray) two thin coats of the specified rust penetrating lubricant (corrosion inhibitor) to the complete sensor mounting surface on the bearing hub. Allow to dry for 3-5 minutes between coats. Use ONLY Rust Penetrating Lubricant, P/N 89022217 (Canadian P/N 89022218).
10. When the corrosion inhibitor is dry to the touch (about 10 minutes), apply a thin layer of bearing grease to the hub surface and sensor 0-ring prior to sensor installation. Use ONLY Wheel Bearing Lubricant, P/N 01051344 (Canadian P/N 993037).
11. Install either the original sensor or a new one in the hub and secure the sensor. Ensure that the sensor is seated flush against the hub.
12. Install the rotor, the caliper and the wheel.
13. Place the DVM across the sensor terminals and recheck the voltage while rotating the wheel by hand. The voltage should now read at least 350 ACmV's.