I don't think that just going to a ZJ proportioning valve is going to do it. If you were using ZJ calipers, then yes it probably would.
I just recently put a ZJ prop valve in my XJ with the Ford brakes. Initially I thought it was great, I had brakes like I never had. But and unknown problem quickly arose. Due to the differences in the Caliper Piston area of the Ford and GC calipers, the pressure doesn't bleed back correctly in relationship to the master cylinder. The pressure slowly builds up over a period of time, in my case over 5 miles, that soon the rear brakes are actually locking up. Let them sit over night, and the pressure slowly bleeds off.
What I'm presently doing, is completely bypassing the factory proportioning valve for the rear and doing an adjustable. Based on what I've been able to figure out, this should solve my problem. If not, back to the drawing board.
This is just but one of the many sites that I've been using to come up with the solution. Especially note the last page on calculating Master Cylinder/Caliper piston area.
http://www.factoryfive.com/table/whatsnew/tech/brakeadvice.html
Here's another link that gave me some additonal insight.
http://www.4x4wire.com/jeep/tech/brakes/yjmc/
Hope this gives you a bit better insight.
I'm not saying the ZJ prop valve won't work because there is a difference between the Crown Vic calipers you used and the Lincoln calipers I used.