If the switch on the prop valve has a single wire, it is a ground loop for the break warning light. If the pin in the prop valve kicks to one side because of a pressure differential it will ground the circuit and the brake warning light on the dash lights up. The dash light also lights up if the parking brake is set, it is a dual purpose light. I always felt the light going on due to a brake system failure was pointless as you would certainly know it from the pedal feel (speaking from experience here).
If it is a dual wire hookup then I believe it is what horse sence said. I'm not sure which kit you bought to convert your bake system to disk/drum so it could be either.