I saw your other post and well here is my opinion. Look at the rear wheels and start from there. You will want to check every inch of your'e break system (rusty lines, seepage from fittings) also wet spots in the drum are bad! You might as well start with the wheel cylinder and work your way to the master cylinder. The parts are cheap to replace, don't skimp and try rebuilding stuff like the wheel cylinders and master cylinder. The fluid in the system is most likely crap so you might want to flush that out. Brake fluid is cheep.
BTW how is the frame on that beast? How much rot is on the cab?
I would love for someone to 'give' me an old 'yota because I need a low to the ground parts runner.