"Clutch and Brake Reservoir: Castrol Girling Brake and Clutch Fluid to S.A.E. 70 R3 spec. ...Where the proprietary brand is not available other fluids which meet the S.A.E. 70 R3 specification may be used." -- from a Moss Motors reprint of the TR4A Owners Handbook. Going back several years further, it is essentially the same statement in the Triumph Herald Owners Repair Manual, except that the standard was S.A.E. 70 R1 and the "preferred" brand was "Wakefield Castrol."
It's a moot point for yours truly; I've always used the then-current grade of Castrol, beginning with "Crimson" in the late 1960s, even some "Green" as well as "Amber" and the current GT/LMA (which hasn't had "Girling" in the name for many years). But I have known many, many people who gleefully, ignorantly...and successfully used Prestone or Kmart or dozens of other brands of glycol-based brake fluid without incident; I'm assuming that those fluids all met that S.A.E. standard.
As for silicone brake fluid, apparently some early versions didn't have the proper "swelling agents" or something like that, but no more, and not for a long time now. And I've heard occasional stories to this day of how the function of some hydraulic brake light switches is adversely affected by silicone fluid. Beyond that and the occasional difficulty in getting rid of air bubbles introduced, no worries!