OK - back to basics - what clearance exists between the old draft tube port and the bottom of the tri-carb manifold? Is it an inch? What do you have to work with? I don't have access to one of the manifolds to look at it. PCV valves provide several practical functions - (1) they provide a high vacuum source to ventilate the engine interior with a checkvalve to prevent backfires from pressurizing the engine case and (2) they also restrict the volume of air ingested into the intake so as not to complicate idle control at the carb.
Is there room for a "cookie" (of whatever suitable material), an O-ring and a capscrew to hold it down? That would eliminate the draft tube exit on the valley (for good or for evil). It won't be the puke point anyway.
The engine still has to vent. Over the years (many) - not necessarily the Y's - have vented via atmospheric breathers on the two valve covers. This may not be the way you prefer to do it - but two breathers on a couple of tin covers would let you run the motor while you work this out.
There are caps for the top of the forward valley cover tube that are closed - have only a shiny top and a hose fitting out the side. Attaching this port to an elbow in the underside of the center carb air cleaner will put (some) vacuum on the vent. This system won't necessarily require a PCV valve - but (depending on engine condition) it may require a restriction to keep from heavily oiling the carb.
Another idea - at lower left front on the side of the block is the old style draft beather port. Many are now capped. Intall a PCV valve at this point and run a vent hose up to an elbow on the bottom of the center air cleaner. Use a free flow pleated element cap for the forward valley tube.
You want the engine to have ventilation sufficient to avoid pressurization - and oil loss control. Try a few things and see what you (and the engine) can live with.
Steve Metzger Tucson, Arizona