The MC will be easy. The new front hard lines will be more difficult. IIRC the stock setup has a tee at the MC. One branch goes to the LF, the other goes to another tee that feeds the RF and rear. You'll need to separate the tees and "rewire" it so that a line from the back of the MC goes to the rears, and a line from the front of the MC tees to feed the fronts.
If you're currently trusting the lives of your riders and yourself to 50+ year old hardlines and flex lines, now is a good time to consider replacing all of them. Especially since you are already conidering a safety upgradem and you're going to be disconnecting them anyway.
I don't really have an opinion on whether a front/rear balance adjustment is needed on a drum/drum system.
regards,
Leon