I think can shed some intel into the master cylinder issue.
My hot rod, a 71 Dodge Demon, is a 440-powered 4-speed, scary, big dog kids-run-away kind of machine. It's very fast and stupid and makes me feel 19 every time I drive it. When I did the big block conversion I also knew I had to upgrade the brakes, so I did 4-wheel discs to it too. At that time the conversion kits were really darned expensive so I searched for alternative methods, and I ended up fabricating my own system, and to this day it still is the best stopping car I have ever owned (okay, my new Magnum may be juuust a bit better

). BUT, here's what I did, and I'm still surprised as to how simple it was.
The older A-body's can be converted to big bolt discs, and with the right caliper hangers you can upgrade the spindle to accept the huge 12" rotors from like '76-78 C-body's (Fury/Polara/Monaco/Charger, etc). So, my 71 Demon has '74 Dart big bolt pattern spindles and '78 Fury rotors, hangers, and calipers.
The rear is a piece of art. While rummaging through the candy stores (a. k. a. junk yards) I noticed the front rotors from an Eagle Talon looked like they would fit the old school Mopar 5-on-4-1/2 bolt pattern, so we took the rotors and calipers, opened the stud holes a hair, bolted them together and jigged them in place, and fabricated caliper brackets and welded them right to the axle tube.
So, the fronts are '78 front discs, and the rears are '91 Eagle Talon front discs, and here's the magic piece of the puzzle: The master cylinder and booster are from a '79 Dodge Diplomat... . front disc/rear drum car (the M/C is the aluminum one witht he plastic reservoir with two caps... and it doesn't leak) and I am not using a factory proportioning valve - the brakes are straight up, right off the M/C. I do however, have a pro-valve, but it is a good Wilwood unit and it is plumbed in with the rear line. So it's essentially just master cylinder and calipers - period. And, I race this car in autocross and SCCA events - the brakes are fantastic, and incredibly predictable. If I want to toss the car into a 4-wheel drift, no problem - either add gas or brake as needed. If I want to stoprightNOW I can actually feel the tires squishing trying to stop the car... and the rear brakes never seem to lock up unless the fronts are too. The fronts will lock up if in a serious turn and there is a little bit of off camber weight, but the brakes on this car are fantastic.
I'm planning to run the brakes on my Ramcharger... and my 93 Cummins, exactly the same way - no factory proportioning valve. I will run a manual valve, like a WilWood or LoKar valve to the rear lines, only to limit the pressure in the event the rears try to lock up.
The other piece of experience I can add is this - If you look in my readers rigs you'll see the big dog crew cab I built from scratch. I had to literally built the entire truck from scratch, including the entire brake system. The front end was a Dana 60 dually with discs (from a 79 1-ton), and the rear was from a 76 motor home with drums. I because of the Demon's brake success I also used the same M/C from a 79 Diplomat but used a new booster from a 1-ton truck, and folks I'm here to tell you that that big arse 7500 lb rig would put you through the windshield if you weren't strapped in, and lock up all 6 wheels on command. It had phenomonal brakes, way better than I thought a rig that big would have. With the trailer and a big load, say, 15,000 lbs gross, I never had brake 'concerns' while trying to slow down or control the load. It did however have the factory pro-valve, so since the system worked so well I just left it alone.
So, the executive summary to this book I just wrote, maybe the answer to a rear disc conversion is two/fold: Master cylinder and pro-valves. For the M/C specifically the ones from the later 79 and up cars and trucks (I'm assumming the cars and trucks share the same two-piece aluminum bottom/plastic top with two caps). , and for the valves, remove and ABS stuff in the system (my 74 PW had no ABS, just a factory valve). I have a feeling that these big rigs of ours are limited from the factory in the brake department, and I have a feeling that maybe the M/C's and 1st gen ABS valves may... may... be part of the problem. Yeah our diesels are heavy, etc etc, but brake pressure is brake pressure, and my PW was not a light truck.
So anyways, for my current project (my '78 Ramcharger XD-440), what I'm planning to do is this: convert to rear disc w/ park brake, remove factory valve, install Wilwood valve with rear line, use the very same booster and M/C from my '74, and try that out. For my '93 Cummins, it'd going to have the big honkin' dana 80, and it also has discs, so I'm going to use a similar system as the '74 and my '78 RC. We're actually looking to upgrade TJ's brakes on his '93 the same way, just without the rear discs - just M/C and booster, and make sure the vacuum pump is working.
I'm convinced there is a 'cure' for the rear disc conversion to make them scary good... we just gotta keep trying options and documenting them, then posting them right here.
Wow... . can I write a book or what... ...

... . my fingers hurt
- Mad Max