Hi there,
Now this is one where you'll get as many opinions as there are posters....
To start the ball rolling, I've run my TC with;
1. 1980s - 0.7" m/cyl, standard (M14) calipers, rear drums, servo. Standard pads/shoes. Brakes ok, felt as good as any then-current (1980s) cars.
2. 1990s - 0.75" m/cyl, M14 calipers, rear drums, servo. Standard pads/shoes. Preferred this as pedal travel reduced, felt more like a modern (90s) car.
3. 2010s - 0.75" m/cyl, M14 calipers, rear drums, EBC greenstuff pads, servo removed. Stops ok although not as impressive as (2) because higher pedal load.
4. 2010s - 0.7" m/cyl, M14 calipers, rear drums, EBC pads, no servo. Feels better. Longer pedal travel but more confidence in stopping, lighter load.
5. 2010s - 0.7" m/cyl, M14 calipers, rear discs, EBC pads, no servo. Pedal travel as calculated (4cm vs 3.8cm calc) Better feel to pedal.
6. Current - as above but with Mintex 1144 pads front, EBC rear pads. Better initial bite, pedal travel/load similar.
I have additional experience with my Elan, similar weight car albeit different weight distribution. As standard that has the same m/cyl, M14 front calipers but rear discs which have the same piston size as the rear calipers I've used on the Europa. That currently runs with 0.7" m/cyl, no servo but M16 calipers and bigger front discs. Stopping is great, better than the Europa but the Elan has a greater pedal leverage & longer travel, so the effort feels about the same. One problem with the Europa is that you can't alter the pedal leverage very much and for my foot size the pedal is too close to the steering column so I don't like long travel.
Other factors apart from above - tyres. If you have standard tyres then the more effective the front calipers, the bigger chance of locking up in the wet. Friction at the tyre is probably as important as anything else in the deal and I think if you're on standard widths then the M14 calipers are good enough for a road car.
I do have a 19mm bore m/cyl on the bench at the moment which I'm thinking of trying out at some point, but I need to bed in the new pads first to make effective comparisons.
Brian
ps - lots of brake calc. programs around to model any changes, plus this has been discussed several times on the Yahoo group and there's probably loads if info in the knowledgebase.