Best bet for a parking brake (not "emergency brake") is to keep the drums. Seriously. I've tried every damn way from Tuesday. On one truck I took the discs off and went back to drums. Properly set up, the larger sizes of drums have just as good brake performance AND a working parking brake. Sure, drums are heavy and a pain to adjust and can collect mud ... but they also work. And as Matiff points out, you don't have to dink with your hydraulics. (Lots of guys find their existing master and combo valve work fine for discs, but others change out either or both.)
Other options include:
Transfer case parking brake (only fits some T-cases, relies on rear driveshaft and pumpkin being intact.) [This is what I ended up doing on my other truck and it works for me.]
Cadillac El Dorado calipers (can be hard to find / spendier than regular ones, require adjustment)
Dual mechanical/hydraulic caliper setup (REALLY spendy, requires tons of adjustment)
Hydraulic line locks (may not be legal in all jurisdictions, alleged to leak down over time. I lied, as this is the one option I haven't tried.)
-- A