Very similar to the set up I have used on a couple of engines. On mine I used a sealed cap on the oil filler, and a vent hose from the filler tube to the air cleaner. Been working great for years.
Mart, from Mart's Garage on here and has a Youtube channel, installed a PCV system all under the intake by just drilling into the bottom of the intake, the valve just screws into the intake and hangs down into the lifter valley. He did a complete video on it on Youtube.