In the Mk2 workshop manual this device is called a "differential valve assembly" and fitted with a "Pressure Warning Differential Switch".
In the Mk2 parts list up to 12/76 none was fitted then from 12/76 to 11/77 a 5 port assembly was fitted (Pt. No 73EB 2K493 CA) and from 11/77 a 4 port assembly (Pt. No 73EB 2K493 DA).
I believe the only purpose of the device is to light the brake fail lamp when either front or rear circuit fails.
I have not owned an Escort for some time but if I remember correctly on the later Mk2's the right front brake was fed directly from the master cylinder and the left front fed via the differential valve assembly.
I also remember asking at the parts counter about a repair kit and being told it is not a serviced part.