In the link below, the guy still has drum brakes but shares the same motor/trans combo as you. Perhaps it'll be of some inspiration if other modifications are needed or help someone else on a tight budget.
http://www.jalopyjournal.com/forum/showthread.php?t=268323&page=3I am modifying a used aftermarket 49-54 truck M/C + brake pedal bracket to suit my needs. Not much aftermarket stuff available for 42-46.