Yep, vac. leak. May need a new hose to ensure the carb-side of the PCV valve fits tight into that hose. Be sure too that the valve cover side slips snugly into the VC grommet.
BTW! Winner for calling the "carb-side" as the leak that was making the noise, but it was the connection to the hose. Little clamp tightening solved that. Didn't really use duct tape, I used black electrical tape, at the valve to the grommet. Yeah, it's good for now ... I have an old original 390 breather with a neck, but then it's breathing from both valve covers. Is that a bad thing?