What if I don't change my Master Cylinder on a disc conversion?

I swapped my front drums for disc and changed nothing else. Ran it that way for 8 years with zero safety issues. It wont empty the reservoir at all and the car will stop fine...just not as well as you would expect a disc brake car to stop. That being said, mc's are cheap and its a simple bolt on swap so buy the correct one, ditch the prop valve and it's good to go.
Do you mean 'ditch the prop valve' or 'ditch the residual (check) valve'?