The big question, do you need (or want) a parking brake?
If "no", it gets pretty easy and cheap.
The "yes" answer adds complexity and costs more.
Unlike the front where there things stayed the same and one kit will work on anything the rear is a lot different. Different backing plate bolt patterns, and axle offsets. Most years there are at least 2 different axle options, and even then they changed over the years, multiple times. Sometimes if you have the right axle, something like the Explorer with the rotors redrilled is a great choice. But if you have the wrong offset and/or the wrong bearing end that rear disk is a lot of work and there are other options.
The cheapest rear disk I ever did to a 9" was on an F150. Got the front brakes off a 90's Geo Tracker and made my own brackets out of scrap metal.
As for needing a rear prop valve, too many unknowns. Much like front disk conversions, maybe or maybe not. Everything from ride height to brake pad material can change the brake bias. A good ratio of front to rear braking should not need a prop valve, But you don't always get that. There are a lot of things that can be tuned in the brake system. A prop valve should not be a first stop at fixing them. Caliper bore and pad material are a much better starting point. Then adding things like a prop valve or a hold back valve can further be used to fine tune. But not a gross tune of mismatched parts.