I have read all of this and I think you need the following.
I would install on of these propotioning valves,
http://www.performancebodies.com/store/product.asp?dept%5Fid=310&pf%5Fid=8419
Then I would get a 1 ton master on, because the discs in the rear are taking way more fluid to get the brakes to activate. The one ton master should be a larger diameter and therfore push the desired amount of fluid and raise your braking feel with less pedal travel. You will however loose a little line pressure because of the larger diameter master. Don't worry about this pressure drop as you will make up for it with a little bit of extra push on the pedal.
One method that I have had good luck with is to fill the master and then just crack one bleeder and just let the thing gravity bleed, this is a good way to go if you are a one man operation. Reverse bleeding is the best way to go but not everybody has the ability do this easily.
I would seriously doubt that you need a residual pressure valve because the master is high enough above the caliper to have the required pressure at the caliper to keep the pads close to the rotor.
One way to look at it is you don't need a residual valve in the front system from the factory so why would you need one in the rear system now that they are basically the same.
The same size lines front and rear will not hurt anything.
Just my .02 and hope it helps.