When I bought my Norton new the front brakes was very good and had no problems locking the front wheel to lift the rear end, yes young and silly 17 years old at the time, but as the brakes got older was when they were showing their faults and such little disc pads and as time goes by the chrome coming off the disc made them ever worst to the point they only slowed you down just, I had rebuilt the whole front brake system a few times and replaced the stock disc, still not perfect but better, then 12 years ago the front brake let me down in a big way when I really needed them and spat me off on a slow accident when a car pulled out on me and I got injured with broken bones, while recovering I decided to replace the whole front brake system as I woke up that great brakes are worth the money spent as my life is very important to me, I went with a whole Grimica system from RGM and at the time was under $600 for the whole system and I can tell you was the best thing I ever done to my Norton for safety wise, one finger operation if you want and stops pretty fu.king good.
Don't muck around with old brakes as one day they will let you down in a big way as it did with me without warning and lucky mine let me down in a slow speed accident, I don't even want to think about it if it was a high speed accident.
As for rear brakes I am still running my original brake shoes but the drum/sprocket has been replaced, I can still lock up the rear brake if I want to but with effort, the rear brake is just to slow the back wheel down with the front and to keep the bike stable, if you rely on the back brakes for stopping then you are doing things wrong, front braking does all the work and so very important to have a good working set up and close to 50 year old brakes is not a good thing even if you think they are good enough for your riding style as one day they will let you down.
There are a lot of good upgrade brake systems on the market these days for our old Norton's it depends on how much money you are willing to spend, I went with the full Grimica system as it was the right price for me (front 12" disc, racing caliper, SS line and the right size MC) and now my old Norton stops as good as my modern Triumph Thruxtons, but the Norton is so much lighter.
I no longer get brake fade, but I never did over work my brakes even with the stock set up and even to this day I can slow down without over working my brakes system, in fact I hardly use my brakes at all up in the twisties only if I see a speed camera
As I say my life is so more important than keeping my crappy old brake system that struggles and one day they will let you down without warning, but then I don't pussy my Norton as I don't with all my bikes, ride them hard, ride them fast and live for another day to enjoy our bikes and our life style.
Ashley