depending on your specific needs:
Drums = high braking efficiency, effective & reliable handbrake cos they're self energising but have limited heat capacity for high speed prolonged braking.
Discs = high speed fade resistance and better appearance but fairly inefficient braking force, weak & unreliable handbrake mechanism cos the insides tend to dry/rust/seize so requires more specialized maintenance.
swapping or converting axles each have their pros/cons.
Convert drums to disc
Requires: adapter plate,caliper carrier cage, calipers, pads, disc, disc caliper hose, disc handbrake cables
Pros: easier & faster to source/purchase/install, no need to deal with rusted trailing arm bolts
Cons: maybe more expensive purchasing all the separate new parts especially the calipers but since the parts on an old disc axle will need replacing anyway too, it'll prob cost the same overall.
Swap from drum axle to disc axle
Requires: alot of swearing getting the seized bolts off the trailing arm bushes on both cars, optionally new trailing arms & bolts, whole rear disc axle assembly with caliper hoses & handbrake cables
Pros: maybe cheaper initially to purchase the whole assembly from scrappers with all the required parts together
Cons: but all the old essential parts (calipers, disc, pads) will probably be rusted seized & require expensive overhaul or replacement anyway. plus the extra expensive headache of replacing those new trailing arms & bolts. the disc axle was only an option so will be very rare to source too.
imho for smooth working rear discs, the only difference between converting & swapping to discs are the conversion brackets and the rear disc axles. all the other parts will be new/replaced so will cost the same. I'd go for conversion method.