In my experience the best "brake" for a speeding land yacht is to steer it suddenly into the wind.
However that is dependant on the surface on which it is being sailed and the area available.
That is a radical adjustment to the dynamic and may result in unexpected motion.
I did it once in a blokart when I had cranked it up to about 50 kmh headed for a solid fence. This is the location.
The result was that I washed off a third of the speed and reversed the facing direction with the yacht passing backwards through one of the gaps in the fence in the pic and my head bouncing off the end of one of the horizontal components of the fence.
As my head was not protected by a helmet, I did see some stars, but managed to maintain my consciousness and composure even though there was some letting of blood.
For a fun yacht I do not see much advantage with the fitting of a brake. Independent rear wheel brakes can provide an advantage to racing yachts when rounding a mark.
Each to his or her own but certainly where you have fitted the brake and where it has an effect is quite brilliant sabydent.
I do think your brake is better than having a brake on the front wheel. Well done mate.