For crankcase ventilation to work you need 2 things, 1) a way for air to get in and 2) a way for air to get out. The air coming in must be filtered or dirt will be sucked into your crankcase.
On a draft tube system the way in is usually a breather cap and the filter is in it. The draft tube creates a suction when the car is moving, and air flows in the breather cap and out the draft tube, hopefully taking the crankcase vapors out with the air.
Draft tube systems left to their own devices would suck oil out. There has to be a way to separate the oil from the air. I don't know how the nailhead accomplished this, but for example on a Chevrolet 283, there is a can shaped thing with a series of baffles that seperates the oil and drains it back into the lifter valley. On a Ford 352, there was a steel or copper mesh like the one used in the kitchen to scrub pots. It can cake up with carbon and plug.
You need to get that draft tube unplugged, and the oil separator, if there is one, also unplugged. Just connecting a PCV valve isn't going to accomplish what you want. If the draft tube is unplugged, the pcv will try to suck dirt up the tube. If it's plugged, its gonna create a vacuum in the crankcase and probably interfere with ring sealing.
If the engine has a lot of blowby, draft tube systems tend to smoke out the tube at stoplights. It might just be a little. On the other hand, if you have a lot of blowby it can look like the car is on fire. I had a Ford like that.
Pcv can help. You still need a way for the air to get in, and a way for it to get out. The breather cap is the way for filtered air to come in, and the PCV valve is the way out. On older engines, this usually means putting the valve in the hole designed for the draft tube.
More modern systems put the breather cap on one valve cover and the pcv on the other. Any leftover breather tube hole would need to be plugged. This ventilates the rocker areas better but tends to leak more oil on the outside of the valve covers.
Now, about that oil scum around your breather cap. If your engine is not basically brand new, with perfectly sealing rings, its normal. Every old car I have owned with a breather cap did this.
No pcv system EVER keeps up all the time. The manifold vacuum cannot support enough flow for that without making the engine run like crap. When it doesn't keep up, oil vapors will come out the breather cap. In the 80s, they plumbed the breather cap vent up to the air cleaner. That just got the oil all over the air cleaner.
On systems that have the PCV valve in the opposite-side valve cover, there has to be a baffle under the hole to keep the oil from the rockers from getting sucked up the pcv valve. Some aftermarket valve covers omit the baffle. Without the baffle the oil consumption will be astonishingly high.
I wouldn't get too concerned about the flow rating of the valve. If you have a smooth idling cam, Dynaflow, high rearend gears, etc. then one from any similar displacement smooth idling automatic will be fine. Probably even a Chevy 350 one will be fine.
The spring isn't supposed to be strong enough to hold the valve shut. They basically rattle. They are open at idle. Its normal. Some early systems didn't have a valve at all, just an orofice to restrict flow. The downside is if the engine backfires, it can cause a crankcase explosion. The valve is supposed to slam shut and prevent the fire from getting to the crankcase vapors.
Supplying vacuum to a PCV valve is the tricky part. It is a huge vacuum leak. The trick is not making the car run like it has a huge vacuum leak. First, you are limited by the engine itself in how much air you can let in (the flow rating of the valve determines how much actually gets in). Then you must mix the air in such a way that it does not screw up the fuel distribution. This is toughest at idle. Just hooking it to a power brake nipple or whatever will not work well, you will have a horribly lean cylinder or two.
Almost all factory PCV systems mix the air with the fuel/air mixture coming out of the idle jets. The PCV port will split and come out right under them. Sometimes its built in to the throttle body of the carburetor, sometimes its a plate under, but in 99.9 percent of all cases, this is how its done. The other 0.1 percent don't work very well. If you cant mix the air in under the jets, you would be way better off with a draft tube.
Good luck with the project!