Some of the naturally helpful things about aeration are:
1. The fuel is being taken from the bottom of the tank and air is naturally trying to go up to the top.
2. The air will eventually dissipate into the gas as ever smaller bubbles, or up to the top to mix with the fuel vapor.
3. The sock filter tries to separate air from gas naturally. So the more gas in the tank, the less chance aeration can be an issue.
4. The fill-vent on a stock ‘71-76 tank is about as far away from the pickup as you can get without making a new location.
5. Making some kind of extension to put the return fuel down into the bottom of the tank is a fairly simple and basically ultimate solution. Except on a fill vent of course…
6. The motions of the vehicle and the vibrations from the stiff suspension not only can create a little of their own aeration naturally at the surface, but also will help to dissipate any aeration introduced by a return stream. Even the mild vibration from an idling engine and flowing fuel can probably encourage the dissipation as well.
I’m not saying that aeration can’t ever be an issue. Just that it might not be as bad as it sounds.
None of that is scientific of course, or based on personal experience. And we’ve had this argument before about how serious aeration can sometimes become. But I don’t know anyone who has had a bad experience with it.
And now that I said all that you’ll hear tons of horror stories about putting it in the fill vent!
Somebody needs to make a clear full size fuel tank to run on an EFI or even carbureted return system. That way you can install multiple points where the return fuel is entering at different places just to see how much aeration there actually is.