Hi Charlie, i have changed brake pads on 100's of cars ranging from the 70's all up till today's technology. It is not necessary at all to open up the nipple, as no damage will be caused. Do remember the the sole purpose of the abs is to actually reduce the amount of brake fluid running into the caliper to prevent wheel lock up. In order to achieve this, the abs pump actually sucks fluid from the system to reduce the braking pressure, this is why you will experience the brake pedal pulsation in extreme braking circumstances. Hence, when pushing the caliper piston in, the fluid will run straight to the brake master cylinder and not into the abs system.
When replacing your brake pads, it would be much easier to use a g clamp to push the piston in before your remove the caliper bolts, once thats done, remove the anti rattle clip with a screwdriver using much care as these can spring out and hit you in the eye, remove the caliper and replace the brake pads. Take note that the caliper bolts play a dual role and also serve as slide pins to allow free movement of the caliper. Remove these completely from the caliper, use some Q20 to clean them and their seating sleeves, wipe them clean and dry and thereafter apply some high temperature/wheel bearing grease to ensure freedom of movement. replace the assembly and the wheel, then pump the brake pedal a few times to return the fluid into the caliper. Repeat this on the other side. Any brake fluid overleak is a result of over filling, it is not necessary to remove the cap you can simply puor some water over the reservoir to dilute and wash away excess brake fluid that may have leaked.
The threaded\screw type system is used in vehicles where the rear brake pads are used to lock the rear wheels once the handbrake is pulled. (best to let a professional chage these brakes, it can be a source of great pain) It is very common in most Euro models, although i have not personally seen this system used on BMW applications.
Contaminants will flow throughout the brake fluid system due to brake fluid degradation over time, it is best to replace the brake fluid at annual intervals with a dot 4 or higher grade brake fluid.
:thumbs: