This old car makes be feel ignorant. Basic Questions inside.

So that line should not be capped? Will I get fuel fumes in the engine bay if I uncap it?

The tank has to have some method of venting. I would say try driving it without the gas cap and see if that cures your problem. If so You can ad a gas tank filler neck with a vent line from an earlier model car. Or ad the canister to your present set up.