Although you come across as a cantankerous old fart,
I resemble that remark...
In all seriousness I'm very anal about brakes. It's way more important to stop than it is to go. Calipers/pads/rotors get inspected yearly, brake fluid flushed through the system yearly. I keep a spare set of rebuilt, painted, and loaded calipers in the garage and swap 4 corners when I feel it's time. Then I rebuild the spare set at my leisure.
Since the LX450 was an unknown to me when I bought it, the master was replaced, the valve in the booster, the vacuum hoses, etc. were all replaced.
I only use OEM 80 Series parts and I can lock up my 35s and activate ABS on dry blacktop.
The drum brake rear of the 91/92 is critical to pedal feel. I always ran the adjuster in 1 or 2 more clicks than the FSM states. That gives you s shorter pull on the handbrake, and a firmer pedal.
You also stated that you can lock your fronts before the rears. That is opposite of what you would want to happen. You always want to be able to steer.
However the fact that you can lock up your wheels indicates that the brakes can't be all that bad.