Welcome,
Disc brakes have been discussed several times. Rather than re-hashing the same old, I'd suggest you do a couple searches here and review what comes up in the results.
You might find some interesting info in the Documents section which has 1000s of scanned pages of tech articles, Master Parts List, Illustrated Parts catalog, etc.
http://www.modifiedcadillac.org/documents/ Click on the various folders to find more folders and the scanned items.
There's also this write up in the Articles section:
http://www.modifiedcadillac.org/articles/onepiecediscswap/onepiecediscswap.htmlDown the road, you might also search threads discussing repairs and modifications for your 429. They have some tricky issues such as the water pump crossover which can leak.