i am working on the same thing right now, heres what i did
New master cylinder from autozone out of a early 80s firebird like 40 bucks or so. file the inside of the mounting holes on the M/C and it bolts right up. you have to change the fittings on the lines connecting to the M/C
proportioning valve for the rear brakes
rear discs in the Toyota axle
when you first get the M/C your going to thinks its too big and heavy (its all cast) but it seems to work great.
if you search this on pirate or google you can turn up write ups of others doing the same M/C
took me about an hour or two to get it on and everything all bled