A few more thoughts worth maybe a penny or two, or maybe less:
Ultimately, braking power is dependant on traction available between the tire/pavement interface. The more traction available, the faster the car stops. You can have brakes from a formula one car on a speedster (now that would be an interesting and mindblowingly expensive fabrication!), but with narrow 165 tires the majority of that braking potential would a waste. Think of braking on an icy road, you have to very delicately apply brakes due to a lack of traction.
As an illustration, My go fast car is a Porsche GT2. it has composite carbon ceramic brake rotors. The rotors have a replacment cost of $5,000, not for a set of four but each! The brakes on this car are world class incredible. I can lap the big track at Willow Spring Raceway all day long with no fade, braking from 150 mph on the front straight. To make use of all of this braking power, and also to put 550 horsepower to the pavement, I have Michelin PS sport cup tires, 245's up front and 315's on the rear axle. The car has anti-lock hardware and software, but the braking capabilities of this car are so immense, that I have rarely felt the anti-lock engage. On a wet surface, all of a sudden, all of that braking potential is not usable.
A 3rd component that is a variable in ultimate braking performance, in addition to tires and brakes, is suspension. Too stiff and the lack of compliance and damping will have the car dancing and tires skipping, too soft and all the weight transfer suddenly and overload the front tires, or the outside tires, or in worst case transfer all weight to the front outside tire.
I think that many blend the concept of braking power and braking feel. Strong initial "bite" feels powerful to us, power boosted brakes feel strong. I have been in race cars with brakes that require a lot of leg strength, but clearly can outbrake street cars that just need a tap on the brake pedal. If you can lock all four wheels, then you have all the braking power you need. But as the saying goes, "All complex and difficult problems have an easy answer, and that easy answer is wrong." As our favorite nutcase billionaire, Ross Perot, was fond of saying, "The Devil is in the details" (using a nasally texas accent).
Braking (and acceleration) is too often treated as an on/off switch. Incremental braking, progessively starting at 1% braking up to 100% and then backing off to 1% take a very educated foot. If you watch racecars carefully (many spectators line up to watch racecars blast down the straights, but the action is really at the corner entrance and exits) the drivers that are at the top of the leaderboard are so smooth that you have a hard time seeing the transistion to braking. Slower driver tend to slam on the brakes and you can see the cars suddenly dip the front suspension and get out of balance resulting in less precision in setting up for the turn. There truly is a difference in 75% braking and 74% braking when at the limit trail braking into a fast corner trading off braking traction for cornering traction.
So the driver is the all important 4th variable in braking performance. When it comes to performance the most critical part in the car in the "Nut" behind the steering wheel. I try to practice braking skills daily. After check to see that no one is behind me, and after warning any passengers, I will practice maximum braking at a stop sign or red light in a remote or empty area. The goal is to stop as quickly as possible with locking up the brakes. Just like golf, if you don't practice, you will suck at it. You can have the best brakes in the world, but if you don't know how to best use them, then you wasted your money. This is why manufacturers have engineered anti-lock brakes in almost all modern car. Drivers will panic and slam on brakes and the computer will take care of them, no skills required (and all of us should acknowlege that the level of driving skills and attention in this country truly is shockingly horrible). Get to know how you brakes perform on dry, wet, snowy, clean, dusty, hot, cold conditions. It may save your life someday.
This is where rear disks are so helpful. Drums may lock up early, the right rear one stop, then the left rear on the next stop, both on the 3rd stop, then fade and lose power on the next stop, and so on. For a driver to have confidence, consistency in braking is everything. Our speedsters have adequate brakes, but just fine for a car with a top speed of 98 mph (per my GPS unit). If I had a big motor and a 140 mph speedster like some of you folks, I would upgrade wheels, tires, suspension, and brakes. But I really enjoy the feel of just putting around in my little speedster with 60 year old technology. It get driven 10 time more often than the GT2.