I do own a TD5 Defender and have been through all this in the past.
I would trust Erich's advice as he knows what he is talking about but to be honest I would be 99% sure that my Defender has D2 Shuttle valves in it.
I know at one point we put a D2 coil pack (front plate) on mine to test it.
Ask Ian at Jobsons he will know if they fit.
I was always afraid of the bleeding after this process and you will need to bleed it.
When you take the unit out you have to take all the pipes off and air will enter.
I always found the bleeding to be relatively simple but I was using both a Nanocom and a Hawkeye without one of these it will likely be more difficult.
If you are not confident with brakes dont take any chances if you get it wrong it will be trouble for you.
From memory to get the modulator out you need to undo the brake pedal box to give you some room, then take the pipes and cable off before undoing the front mount bolt. Hold your tongue right and with a little use of the all Australian adjective you should be able to twist it out after bending the pipes.
It really is a pig of a job
This should fix all problems 
https://www.allfourx4.com.au/ABS-Modulator-Shuttle-Valve-Repair-Kit-for-all-Land-
Rover-Discovery-2-Wabco-OEM-SWO500040
This will fix the Shuttle Valves 
http://www.allfourx4.com.au/epages/s...&SearchButton=
I have never replaced the little O rings but can see the point that they make on the US site from memory the manual says its acceptable to find some fluid near the shuttle valves just not too much.
I wouldnt go the whole hog with the valve body send it to Jobsons pretty sure it will be cheaper.
I have no connection to Jobsons just a satisfied customer
I have used All 4X4 for years and know the owners so am associated in a sense
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