Healthy discussion here, and I think it's a good one. Brakes are important, and there are a lot of options and opinions.
Just to clarify here, my comment about "old crap" was a comment of sarcasm. I love this old crap. To me, it's beautiful and valuable, and I like the 1960's riding experience. So a drum brake on a 1960's or early 1970's Norton, in my opinion, is appropriate.
I've built a couple of "specials" during my time with Nortons, and I've used drum and disc set ups. Simply a matter of opinion when it comes to what you're trying to achieve. I just think that in this case, the question that started this thread was about some different drum brake options, and no mention of a disc brake at all. Acebars listed the drum brakes that he was considering for his build and was asking for opinions and input based on other's experience with those options. I think it's logical, when talking about brakes, that disc brakes would be mentioned as part of the discussion. But Acebars made it clear, several times, that he wants a drum, and that he'll be riding it on the road, and not racing.
So, in my experience, the Commando 2LS brake would be the best option. This is based on having adequate stopping power, keeping the drum brake, appearance and just all around being appropriate for a Norton. I'd of course re-line the drum surface, install new brake pads and fit the stiffening kit for best results. Past that, I think you'd have a great brake with plenty of stopping power considering your application and preference.
Any of the other 2LS options that were mentioned might take some fettling to get them to fit and work properly. Certainly not impossible to do so, but definitely not a straight not up application either. In regards to 4LS options, they obviously start to get pricey, and as Acebars mentioned, he didn't want to spend the money for the high dollar exotic replica brakes. Which I totally understand. So, for the sake of a 4LS conversation, you basically have the option of the Suzuki 4LS and the Grimeca. Both are semi reasonably affordable. In my opinion, I think the Grimeca looks odd. The die cast look just seems cheap to me. I've never ridden a bike with one, and I would assume the preform well, I just simply don't like them. As for the Suzuki, well, it's just too Japanese for me. Many will say that it's heavy, and that may be true. I just don't really like how it looks and don't like the fact that it's a Japanese brake on a British bike. Again, this is simply my opinion.
Acebars, best of luck with you special. Please keep us all posted as to what you end up going with, and how it performs. Always good to get feedback from someone that uses a specific brake / set up, and what they think of it.