As I rummaged through my parts I found a two liter intake with said valve attached to it.
It's threaded right into the intake, right next to the PVC intake.
Now there is a rubber tube that runs down from the valve, (and I'll go out on a limb on this one), that I think was attached to the charcoal cannester that the vent from the gas tank was connected to.
Mind you that I haven't looked at any of my service manuals, just a guess on this one.
I can say from experience that they, (the decel valves), were the cause of one too many frayed nerve endings when the diaphragms in them let go. It created a monster vacuum leak that killed any normal engine operation, and was a very frustrating leak to find if one didn't know what they were looking for.
They show up on E-Bay from time to time although at this age, (from 71/72/73? to 2006),
I would question the shape of the diaphragm.
Al