Hi,
It is a myth that disc brakes are better in performance than drum brakes...but, in one aspect, disc brakes are certianly better than drum brakes.
Why because, the design of a disc brake allows for heat dissipation. The open to atmosphere design allows the heat generated due to braking to be quickly dissipated to the atmospere. The heat therefore cannot affect the long term life of the disc brakes. Drum brakes, due to their enclosed design take a longer time to release all the heat that is generated during braking. This might explain why drum brake linings wear quite often and that lining wear is also influenced by the driving habits of the user!
Why do you need disc brakes for the front wheels usually? It is because of 'weight transfer'...just think why do you tend to lean forward in your bus seat, when the driver applies brake? It is because weight transfer takes place from rear to the front of the vehicle during braking. So, the braking torque on the front wheels is higher which means more heat generation in the front brakes. So, it is essential that this heat is let out as early as possible.
Performance wise, the drum brake as well as the disc brake do the same function relative to the required braking torque on the rear and front wheels respectively.
Just imagine, is it safe enough to have brakes in the front performing better than those in the rear?? You just cannot compromise on 2 things in an automobile...they are the steering system and the braking system 
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