However they are suppose to work, none of mine did. On my '67 F100 the tank would not vent and vapor lock. Take the cap off and you could hear the air rush in.
I took a punch and attacked the inside center piece. After a good hit, a fine spring came out behind the center portion. All well now. I did the same for the two new "vented" caps I purchased for my Bronco (all came from LMC, but a common manufacturer).