Installing a prop valve will not fix your rear brake issue. Volume and pressure come from the master cylinder only.
How did your car stop before the conversion?
Are you running the stock Jimmy emergency brakes? They might be engaged and causing the drag.
If you remove the rear calipers, does the rotor turn freely. You can remove one caliper at a time to see if it is just one caliper causing the issue or both.
What master cylinder are you running?
Does the master cylinder hold pressure? Plug both ports at the master cylinder and pump the brake pedal. The pedal should become rock hard with little to NO movement. If there is excessive movement in the pedal, you have air in the master, or a bad master cylinder.