It sounds exactly the same as mine. Disc brake swap should work great. The wilwood adjust is just for fine tuning the amount of rear brake bias. I found once I put in a 440 (replaced a 318), the rears would lock up too soon, so I put in the adjuster to reduce the rear braking force. You might find it unnecessary with a small block.
Hey Dodj..
I am reviving this ancient thread as frame of reference....
Here is a pic of the "block" under my hood:
I am FINALLY getting to the point of the master cylinder and prop valve stuff...
I bought the aluminum 2 bolt conversion kit from Dr Diff for my car so now I have to figure out what else I need. Went with 80 NYer calipers (sliders) and 11.75 rotors....
With the block above, can I just install the wilwood adjustable prop valve or do I need another block? Is the wilwood OK for use on cars that will actually be driven a lot? How does the adjusting knob stay put? If it is mounted under the car as some have suggested, any issues due to that location?