The assembly itself is a vaccum on demand system that allows vaccum to the booster under instance where the intake is under vaccum. When the intake is under boost, the large check valves prevent the booster from poping and re routs the boost to the ejector (its a siphon) that uses the boost to creat vacuum. The ejector is part of the two check valves that rout to the intake tube. Those two check valves I would assume are supposed to prevent vacuum leaks. Good news with MAP sensor fueling, it can compensate with leaks well.
@gotgrip, I vagly remember your post on this. Im assuming yours had the same hissing noise too with the new part? I remeber bringing this up on your thread I thinks?