I looked at your project thread and see that you have discs on the front. Discs were optionally available beginning on the '68 F250 and F350 trucks but, were not standard.
Did you add the front discs? The brake valve you have suggests the truck originally had all wheel drums, since that valve is a pressure differential brake valve designed for all-wheel drums --not the correct valve style for discs front/drums rear.
--although, I don't know that I've ever seen a factory brake valve for a pre-'73 model truck with discs front/drums rear.
Prior to 1970, any Mustang that came with factory front discs had a brake valve that looks similar to the one you have but, it had an additional set of ports on the front of the valve body with an external proportioning valve plumbed into it.
In 1970, the Mustang disc/drum brake valve combined all the valve functions (pressure differential sensing and proportioning) into one valve body.
I'm uncertain when the disc/drum brake valves for the trucks combined the various functions into one valve body but, I know by '73 this had happened.
The trucks disc/drum combination valves have an additional feature the Early Mustang valves don't have. In addition to pressure differential sensing and proportioning, the disc/drum truck combination valve body contains a metering (hold-off) valve for the front (disc) brake circuit.
There are two different disc/drum combination valves from the '73-'79 Dentside trucks that I'm aware of.
One is a cast iron valve assembly that was made by Kelsey-Hayes. (This one I pulled from a '77 F-100).
The other disc/drum combination brake valve has a brass valve body and was made by Weatherhead. (I pulled this one from a '75 F-350).
I recently swapped the stock front drums, on my '69 F-100, for discs from a '77 F-100. This is the factory drum/drum pressure differential brake valve I removed.
I replaced the drum/drum pressure differential valve for a disc/drum combination valve. It's an NOS Ford/Weatherhead valve I got off ebay ($124.00).
