Yours is different from any that I've seen. Be great to see some pics if you can.
Since you removed the selector valve, you can cap off the return line I would think. Besides, if it's not blowing fuel all over the place at this point, then it's been disconnected from the engine compartment already anyway.
I'll wait till I see a pic or two to make any more suggestions. I don't remember a third vent line. Just the two small ones, the medium feed from the sending unit, the semi-large fill-vent hose piggybacked on to the filler neck, and the large filler hose.
I may just not be remembering correctly, but I don't think my '71 had the extras.
Paul