My '69 280SE coupe doesn't have it. But, here goes. Gasoline vapors from the gas tank go to the plastic duhickey in the trunk, up a plastic tube under the car, thru a barbed connector on the dissy/FIP gearing, into the crankcase, up thru the head, out of the head thru the plastic crossover tube, into the filtered air between the air filter and the butterfly, out into the idle air screw line, and into the intake manifold.
How does this affect lambda??
Ain't pollution controls great??
If you are in California with 20(?) different volatility fuel mixes, can you idle on tank vapors only???