here is the disc brake swap bible:
http://www.pirate4x4.com/tech/billavista/14b_disc_brakes/
i'm kicking the idea of doing discs on my 14 bolt. I have everything I need except the proportioning valve, but have a few reservations.
first, there are no wheel studs that are made for this. the hole in the 3/4 ton rotors are bigger than the hole in the 14 bolt drums, so using the 14 bolt wheel studs will not center the rotors and may not fit the machined recess in the back of the rotors. there is the ford F350 lug bolts that have the shoulder and smaller diameter head, but they do not have enough knurling to engage the holes in the hub very well.
next, I have the 1 ton master cylinder (1-5/16" bore), but this has one huge reservoir and a tiny one. i'm not sure if the late model masters with the large single plastic reservoir will fit under the hood, but it seems to me that the rear disc calipers should have nearly as much fluid capacity as the front. the large reservoir of the master should be plumbed to the front brakes.
I can live without e-brakes on this rig because it has an automatic trans with 'park'.
one more little tidbit is there are heavy duty 3/4 ton calipers that will work with the conversion brackets. trucks with the towing package have them and Rock Auto lists them. these have larger 3-5/32" pistons.
I have the 13" x 3.5" drum brakes now and they work nicely, but I may swap to the discs one of these days and keep the drum stuff just in case I decide to go back.