the electrical connection on the master cylinder isnt for ABS, its just a fluid level sensor that makes the dash lights come on when the fluid is low.
if you have the master cylinder for the '87, id give it a try and see if that fixes your problem.
there are many different master cylinder options through the years. ABS/non ABS, 9"/10" drums, power assist/manual. any number of these could lead to too much or not enough pressure being sent to the rear brakes.