Simplyconnected posted above that a pcv valve is a check valve to prevent a backfire from entering the crankcase. This is simply incorrect information. A pcv is an ORIFICED check valve, which means it has full flow in one direction and restricted flow in the other. (Ref: '65 GM factory shop manual, '68 Ford/Merc factory shop manual, '68 Chilton repair manual).
The valve is installed so that under high vacuum conditions, ie idle, the pintle moves away from the full flow position to allow a small amount of air to flow. At low vacuum conditions, ie cruise, the pintle moves to the full flow position for maximum scavenging. At idle, if the valve were full open, it would be a huge vacuum leak. A backfire would be the opposite of high vacuum, since it is pressure. The pintle would move to full flow and would not restrict the backfire pressure from entering the crankcase. If the system is workinig properly, there shouldn't be any explosive gases in the crankcase anyway.
I found an old pcv in my box of "stuff" this morning that works properly when threaded into the crankcase, ala Dutchy's installation. It is an AC #CV590C. Unfortunately I can't reference what size engine it came from. Anyione have an AC catalog?
John - "The Hoosier Hurricane"