There's really no need to change the master cylinder on the VS.
The rear end conversion will require a VT master cylinder to suit and then your front brakes will need to match.
I thought Scotty's issue was that he couldn't retain the factory booster because of clearance issues with the toyota V8.
The old Budget way to do it was to cannibalise a VT and change everything on the VS.
These days you can just slap on a pair of wilwood 4 piston calipers on the front in an hour and be done with no other mods. The rear is a little more involved but still easy enough. The results are much better than stock VT parts.
I thought the reason why a larger bore master would be required comes down to fluid displacement and pressure ratios. Holden knew they were headed towards factory hsv big brake kits, 6 pot fronts and 4 pot rears with abs. That's a lot of places that little master cylinder needs apply not only pressure but pedal range. And I'm sure they knew the VS lacked brake performance. It was time for an upgrade anyway, so the VT moved to a larger bore platform.
Fortunately for us VS guys, our cars are lighter and if you stick to 4 pots, the stock matter is still within its range.
In my opinion doing the rear is more for looks and it does look good. But I guess it depends on what you are doing. Straight line breaking or getting a mod plate, just the front is fine. Circuit or Time attack stuff, then yeah balanced brakes front and rear.
I just want you guys to get the best result without spending money unnecessarily.
Take that $500 you'd spend on a master cylinder and put it into big white line sway bars. Install them on the hardest setting. You'll be thanking me after the first corner.