Suggestions on venting fuel tank

I have a 73 also , what I did is take the hose and place it on the inner fender well, higher than the gas tank and put a one way valve on the end and used a zip tie to hold it. That way air can go in and nothing can come out. This is the valve you can blow in one end but not the other, so place it so the gas cannot get out but air can get in .

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How will that work as a vent when a vent is to let air OUT of the system?