The Holley 4160 was on the 440/350 New Yorkers. The 383 4bbls were the small pattern AFBs.
When the power brake booster on my '66 Newport failed, every time I pressed the brake to stop, the engine started missing. No brake, no miss.
Seems like there might be some sort of adjustment on the vac valve? Usually, at base idle, the pcv plunger is held in the "closed"/"low flow" position by manifold vacuum. Still some flow through the internal orifices, but never have seen one that's stuck open, due to the way it's designed internally. Not to say it can't happen, though, if it rattles, it should be ok.
Some carbs (not sure about that particular AFB) had a hot idle compensator valve. A bi-metal flat spring with a rubber nub on the end. Under hot idle conditions, it would open to allow more air in to prevent an over-rich condition in hot weather, at idle. Other than the power piston bores and the pcv passages, that's the only other vac circuit in the carb that's open to full manifold vacuum at idle. The vacuum control valve, seems to run off of a vac bias between manifold vacuum and ported vacuum, I believe. Hence the need for some sort of adjustment to ensure it works correctly. I think if you pop the lower cover off, you'll find an adjustment against spring pressure. And I suspect there would be some sort of adjustment procedure in the factory service manual.
Just some thoughts,
CBODY67