There are a bunch of threads here about reed valves, crankcase breathers, negative case pressure, wet sumping and evacuating oil.
The short and sweet as I understand it.
-The valve should be attached to the engine. Not only does it work better from a mechanical standpoint but it also warms the unit so that gases don't condense in it causing frothy gunk. If not attached, then closer is better despite it being easier to put one by the oil tank.
-Reed valves respond better than ball valves or PCV valves.
-I am pretty well convinced that the Comstock/CNW valve (which requires some machining to the back of your case) is the best way to go.
-There have been some adaptations for reed valves off the timing chest which can be achieved without pulling the motor.
-Ludwig probably deserves a blue ribbon for "best adaptation".
-At one point Comnoz had a reed valve that screwed into the sump plug in the 850 case. I don't know what happened to that idea or whether it is still available.
-No matter how good it is, it won't solve oil leaks caused by poor gaskets or seals, poorly prepped surfaces or warped parts.
Here is a vintage thread on the topic:
one-way-breather-valve-differences-t5929.html
Russ