I don't know that a different / bigger / better master brake cylinder is going to solver your problem. Or at least, it may not be the easiest way to solve it. What do you have for brakes now? I mean, pad material? I'm a FIRM believer in ceramic pads, but they have to be bedded correctly to get their full potential out of them. I'm guessing since it was originally a 305 truck that you do have the 11" rotors up front, and 2" wide drums / shoes out back. Those are the standard brakes, and they do offer an HD brake package with 11.25" rotors up front, and 2.756" drums/shoes out back, but I'm not sure what it involves to change them over.
If I were you, I'd start by doing a complete brake fluid flush, and making sure you're getting braking power from all 4 corners. It sounds to me like maybe you're not getting your full potential out of the brakes you do have, which is not likely the fault of the Master (unless it's leaking). I've not heard others on this forum complain of the lack of braking ability with just the standard brakes, so again, I'd check that everything is working correctly first.