That's a bummer that it's now come to this, however, by the looks of that break in the reservoir, I'd say the plastic has gone brittle.
As for going Single Circuit vs Tandem, I'd suggest looking in to your local Registration Laws. I'd say off hand, if it came with a Tandem Master, you'll likely need to stick with it.
Our local registration laws are not that strict. For roadworthy, as long as it works... so there's no issue here.
Though, I will get a price for the Gmc167 dual master from my local supplier. I will probably end up getting a new one to replace what will come out. Since I already did the new lines for that setup. Besides, a new one will probably last many years without issues.
Not just local regs. Should the unthinkable happen, it's just the sort of thing insurers will jump on to avoid paying out. You can argue your case if there's a NLA superseded part you can quote, but there are no recommended preceeding parts.