So now I'm the expert?
The answer is "no" it won't work. The M1A1 stainless tank is a work of art. It is the best made fuel tank for a Bronco that you can buy with money. I have purchased and installed several. The guy that designed the tank vent needs to be taken out behind the shed and beaten with a stick.
As you have no doubt discovered, the vent port in the sender plate sits in a recessed pocket well below the fill line. In fact it sits about 2 inches below the fill line. And about 16 inches below the "real" fill line in the neck. So if you top off your fuel tank, the vent port is underwater. If you leave a little air gap, then when the tank heats, and the gas above the fuel expands...it pushes fuel out the vent, and fills your charcoal can with fuel.
The vent location was engineered for a flat top tank, or fuel cell where the vent port is at the top of the tank. It was never designed to sit in a submerged pocket.
it won’t work.
I don’t have time to reply right now, but will later. Take a look at where the vent port is on that tank, and you will see that it is submerged when the tank is full.
It’s a bad design, and you have to change it. 50% of the people run vented caps. 25% run a different vent, and the other 25% full their charcoal cans with gasoline. Or complain about fuel odor. Or never run more than 3/4 full. Or spend all their time at swap meets looking for “the other cap”
I would type more, but I have to go modify the vent on my brand new 23 gallon fuel tank…
The fact that the vent inlet is that far below the top of the tank, and the implications of that, is obvious now that you say it, but I didn’t even think about it before I installed mine a couple weeks ago. How are you modifying it?