Thanks Wildcat,
I will keep that info on hand. First I am going to see how the flow is affected by timing/measuring the vented and unvented flow ...being the cap open. I know its not very scientific as the fuel consumption is way less than the gravity flow, so perhaps I will open the pet cock partial way and time and monitor the difference.
Assuming the difference will be major.....then I think I will drill a small hole through the plate and flat washer under the cap and then shake test the tank to see how partial it is to fuel spill. Hopefully it works well then I can test the fuel flow.
My thinking is the fuel flow is so slow that you would only need a tiny vent.....does anyone have a picture of,or can tell me how big the air baffle is on those older caps so I can recreate?
If that fails I will move on to your idea WILDCAT...I have stainless screws but drilling out one of those screws is definitely an option.....I will do this test first and keep you updated