answering my own question here
seems its to smooth out the pumps pulses. most info came from forums discussing EFI in tank pumps.these setups use a piece of flexiblehose on the out put of the pump which also isolates pump noise.
Summit has a repair kit for a similar Holley pump and, lo and behold, there is that little rubber cube.
one piece of info that came to light that may be of use to those who like to do your own rebuilds (diaphragm replacement)is that when replacing the bowl with the 6 10-32 screws the operating arm of the pump must be in the fully operated position, which is a bit of a struggle. by the way the pump is a FE Carter . hope this may help someone
stuey