I'm moving forward with the Eldo calipers. From what I've read and been told the p-brake will need an initial adjustment to get a good pedal (like a rear drum brake). They are "automatically" adjusted for pad wear by setting the p-brake, this also prevented them from rusting up and seizing. Since I won't have that, I'll have to do this by hand by manually activating the p-brake at each caliper. Because the pad wear is minimal (it's not a daily driver) and my climate is very dry (northern Nevada), this won't be a big deal, I'm hoping.
The GM1500 rotor is what I'm running on a 14B hub with the 76-78 Eldo caliper. The later Eldo calipers and the metric GM front calipers have a smaller pin spread and don't fit the thickness of the GM1500 rotor. I would have considered building a new caliper hanger and use the front metric calipers, but I can't find a rotor that will fit the 14B hub and the metric caliper. My goal is to use off the shelf parts with no machine work so I can find parts easily. My original plan was to do a bunch of machine work to run my 5x5.5" rims. My machinist friend talked me out of it and I bought 8x6.5" rims and can use easy to find parts with no modification.
Without a prop valve my rears locked up so prematurely that I almost rolled my truck on a shake down run. I went down a fairly steep dirt trail and the rear brakes locked up and the rear end bounced so bad it turned me 90* across the trail. I was pretty sure I was going to roll, but somehow didn't. The prop valve stopped that but just isn't enough to stop the rears from locking before the fronts in a panic situation. Since I do some driving to trails, I want to fine tune this out. Otherwise my breaks are great.