In 1975 Kawasaki got sued because of a fuel cap that popped opened in an accident and resulted in a fire that burned the rider severly (the bike was a 1973 H1 btw). The fall out was legislation requiring better fuel caps. As a result the big four began to make "safe caps", basically tighter sealing caps under hidden lids. If you look at all the new bikes for 1977 every one of them has a twist cap and a locking lid to cover it (cb750, gs750, kz900, etc).
The reason I tell you that story was to tell you this, the old flip up caps had vents built right into the cap so there was no need for an elaborate vent. However because the new laws required sealing caps, the vents became more complicated with a series of tubes venting underneath, and that is how they still do it today.
If you look at the 77-78 supersport tanks there is a fuel vent that comes out underneath in the tunnel that is the tank vent. I don't know how connected it is to the fuel door but if it is anything like the zx7R tank I cut apart it will have a connection to the overflow at the tank filler.
so your options are: buy a vented Monza cap and do away with the in tanke vent system. Find a way to connect the monza cap vent to the in tank vent, or use a different vented cap. One way or the other you will need to vent the tank.
On my zx7r tank, we cut the filler neck and vent system and ended up welding the entire top into my own 1976 kawasaki KH500 tank. the original KH tank did not have a vent system other than the cap so we just scavenged the entire setup from the zx7. works great.