Dave M,
Yes, I have experimented a bit with my oil tank since it is out. I can blow into either the top pipe where it goes into that round thing on top, or the bottom while blocking the other end and you can blow air through it. I think there is a pipe that goes from the top round thing to the front of the oil box where the air filter is, but there is a hole in that tube that is supposed to let oil out back into the tank. That's why I think it is supposed to be a vapor/oil separator. That is my thinking, but I always found that oil leaked out of the hole in the air filter hole. It would be interesting if anyone ever took apart that thing on top of the oil tank to see what was actually in there, I don't want to ruin mine though.
I'll bet that the tube that comes from the air filter area through the tank goes up into that round thing somewhere near the top, and the breather tube just dumps excess oil into that round thing and is supposed to dump the excess oil back into the tank, but some of it ends up going on into the air filter, and then on to the gearbox top.
Happy New Year in HK, I was there in 1959!!!!
Dave
69S