In my experience (granted, somewhat more severe than an XJ application,) line locks *DO* leak down. Personally, I wouldn't use a line lock to hold for more than a couple of minutes at at best, and requires that someone be in the driver's seat as well.
Secondly, emergency brakes or parking brakes, IMHO, should be a completely separate system from the primary braking system. Using a line lock well separated from the brakes themselves gives several opportunities for failure (ruptures, seals, calipers, cylinders, etc.) Using a pinion brake mitigates the brake system issue, but still depends on driveshafts and axles being intact (subject to locked diffs, etc.)
If you're looking to isolate a brake circuit, you don't want a line lock anyway. When engaged, line locks act as one-way check valves. So, if you pop a rear brake line, then engage the line lock, you'll still blow fluid through the line lock.