One thing to check is the master cylinder bore diameter. Drum brake cars had smaller diameter wheel cylinders which required less fluid as the pistons traveled. This required a smaller diameter master cylinder to develop the necessary braking force. The disc brake caliper cylinders are larger diameter and take more fluid to clamp the disc. The master cylinders with the same bore as drum brakes would require longer travel to get braking pressure. The answer to the long travel was power assist by vaccum booster, and a larger diameter master cylinder to get the required pressure. If someone in the past has asked a parts store for a disc brake master cylinder and bolted it in, you will have the situation you describe. How is pedal travel? A disc brake without booster should have an intermediate diameter between the manual drum and power disc cylinders. Remember that these model years were when disc brakes were being introduced along with power assist, so many parts were changed.