The Cat graders all had only two-wheel brakes up until around the late 1950's, when they then started to be fitted with 4 wheel brakes. They are the biggest maintenance item on the grader, and just trying to keep them in working condition for an extended period is a black art.
I have used pure silicone brake fluid many years ago on a Cat 930 wheel loader, and it worked very well to prevent wheel cylinder rusting, the constant enemy of drum brakes.
Even though the 930 had disc brakes, the pistons in the calipers suffered from the same problems as the pistons in wheel cylinders in the Cat drum brakes - corrosion when operating in muddy conditions and enduring regular immersion in water.
I have always operated on the basis that engines are the relatively easy repair on all Cats. There are a lot more costly repair areas to become involved in, in old Cat 12's. Eliminating wear from linkages in the blade mechanism and steering linkages can become very costly to repair. The steering on the old Cats is like the steering on forklifts, it is being used constantly while the grader is in operation.
Tyres are the type of thing you can leave until they don't grip the ground any more. Yes, they are flat base, tube-type tyres with a locking ring. Either get a tyre shop to do them, or arrange to have friends help with a tyre change - they're hard, heavy work to repair.
To work on the wheel brake cylinders, you need to press off the wheel hubs and press them back on again. They're on a taper, and they're on TIGHT! Always ensure you position something to stop the hub from flying off when you pull on them.
They can travel a considerable distance unimpeded, once they come off the taper, and cause bodily injury.
Check all brake lines for corrosion which causes pinholes and leaks. The original lines were bad for corrosion, and many have been damaged by debris that was picked by the wheels (typically, stray fencing wire) which wraps around them, or which simply hits them and bends them.