I ran those numbers a while back too. You really can do it for cheap (w/o E-brake, that is).
But here's where I got hung up. Those Caddy calipers are aweful, bad enough to where I'd rather use 11" drums. If you can use a different caliper (w/o E Brake like you mentioned) you'd be much better off. If you want to keep the e-Brake, go aftermarket or modify the Ford SVO rear setup to work with your housing ends and axle offset.
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