Technically it's not a proportioning valve as it only directs the fluid, nothing else. It's properly known as a metering block.
I applaud you for going dual circuit.
Is your car power or manual brakes?
If it's manual brakes the pushrod (which should be part of the pedal assembly and not the master) should be ok. Same for power brakes. The booster has integral pushrods built in - one out the back that connects to the pedal assembly, and a pushrod out the front of the booster to actuate the master.
The pushrods as they contact the master should have adjustibility at the master cylinder end. Rule of thumb is to adjust the pushrod so that as you're bolting it down that the pushrod wants to keep the master about 1/16th of an inch off the surface. This adds the right amount of preload required to the system. Any more and you'll have dragging brakes. Any less and the brakes won't engage properly at the beginning.