My street rod has a 74 Chev truck 350 - stock except for Mallory ignition and Holley 4-barrel. When I got the car, the PCV valve and hose was intact but the breather hole in the opposite valve cover had been plugged - no clue why. I fixed this by installing a nipple in the valve cover and running a hose to another nipple that opens inside the filter element of the carb air cleaner (aftermarket round "sandwich" type). I installed a new element, PCV valve and hose and re-gapped the spark plugs to spec (.035) - no other changes to fuel or ignition systems.
The engine does run better but here's the question. The fuel line has a mechanical pressure gauge just before it goes into the carb. Previously, the gauge fluctuated so much that it was unreadable - would seem to indicate a faulty pump (stock Chev mechanical type), fuel filter, and/or gauge. But now it reads a steady 5 1/2 lbs. I don't understand how fixing the PCV would fix the pressure - could it? If so, how?