Converting a stock '47 front end to disk brakes is not as simple as it may sound. There are several aftermarket vendors that offer kits for the actual disk brake conversion, however the conversion gets very complicated before it is done with peddle assemblies, etc. The smarter, safer way to modernize the brake system is to do it correctly with a complete front end assembly, steering, brakes, etc., I have used assemblies from TCI and Fatman that are engineered for the vehicle, and are very user friendly.
When it comes right down to it, stock drum brakes, well maintained, generally work well in modern urban driving.. High speed highway driving is another matter because the original suspension is not up to the task.