Here's why:
* PCV System: The Positive Crankcase Ventilation (PCV) system is crucial for removing harmful blow-by gases from the crankcase. These gases contain unburned fuel, oil vapors, and combustion byproducts. Vented valve covers are a key component of this system; they allow these gases to be drawn out and routed back into the intake manifold for combustion. Without venting, pressure builds up in the crankcase, potentially leading to oil leaks, seals failing, and reduced engine performance.
* Pressure Relief: Even if you don't have a fully functional PCV system, vented valve covers provide a pressure relief valve preventing excessive pressure build-up. This reduces the risk of leaks and damage.
In short, while the engine might run without vented valve covers, it won't run *well* or *efficiently* and the long-term consequences could be significant. Using properly vented valve covers is essential for the health and longevity of your 1974 Chevy 350 V8.