Since 2004, I'm not sure how many other folk have added the R front brakes to their 240s besides myself. I believe my installation is unique, so I don't know how useful you'll find my information.
My car's a 244 with an iron head V8 in it, with a stronger front weight bias than the other two folk who've posted on this thread. I've also run my calipers "upside down" to preserve the staggered piston size relationships Brembo engineered into this system - the bleed nipples point downwards so they look a bit funny and I've got to suspend the calipers upside down to bleed them, but I believe there's a performance advantage. Similar to Dave, I removed my rear limiting valves and otherwise kept my brake system stock. I've got brand new rotors front and rear, undrilled and unslotted, and Hawk street performance compound brake pads front and rear. Super Blue fluid and braided lines all around, too.
My front brakes are incredibly powerful, and the rear brakes can keep up with them for a few good hard stops before I notice a performance decrease. By "good hard stops", I mean full effort stops from fast highway speeds. After that, I start to notice decreased stability and unpredictable braking effort - not really fading performance, but I do notice that the system isn't performing as effortlessly as it did when it was cooler. With my heavier nose, higher suspension (stock springs) and sedan body, you'd suspect that I'd have less need for rear brake than Dave does with his low, stiff, 4 cylinder wagon, but I think the "upside-down" calipers make the difference here.
I could add larger rear calipers (4 piston solid rotor fronts from an early 240, perhaps) but I believe the heat management of the stock rotors can't even cope with the smaller 2 piston calipers as it is. I'm thinking of upgrading to the R rear brakes but a parking brake is handy. A custom rotor hat to work with the stock parking brake and mount a big rotor might be in the cards...
Also, if you ever put Hawk pads on these brakes, expect terrible performance in the rain.