Pretty sure it'd work, although you might need the whole beam axle assembly. That's what you had to do to get rear discs on a mk2 Jetta. Just understand that its purely a looks thing, you'll never be able to push your car fast enough to overheat your drums with upgraded drum shoes.
I've got an 09 corolla with 96,351 milesl, no wear related problems as yet. As for quarter mile times and trap speed, get a different car. Even the xrs with the bigger motor is slower than a v6 camaro from 10 years ago. Corollas aren't for drag racing Lol. They're for commuting efficiently and...