Thanks for your response 64. This car is my 87 El Camino and will live on street with only the "heavy foot" WOT experience for sheer enjoyment to impress others! As a retiree, there will be some daily driving and going to local cruz nights here in the islands. I can address acid buildup due to moisture with more frequent oil changes. However, I am concerned about crankcase pressure resulting in oil pan and timing cover leaks since changing gaskets in these areas are a pain in the butt. As many of us envision, we see our kids enjoying these vintage vehicles once we leave the scene.
You're close, but a little off in at least how you're writing out your thinking. See if this helps:
Either the breather or the pcv will release the excessive pressure. Example - it's like saying left spigot or right spigot release water out the faucet.
Breather is passive, like an open window. It'll let excess pressure out, but that's it. Without some outside force (wind, fan, etc) it does nothing to actively purge the existing air in the room.
The PCV works by actively having that outside force to purge the existing air in your crankcase, usually drawing some vacuum to suck the air out through the valve. The PCV purpose isn't explicitly designed just around moisture removal, but to extract all those lingering suspended vapors that may be present (hydrocarbons? Moisture? ANY vapor suspended in the extracted air) from inside the crankcase and allow that removed air with any suspended vapors to be reintroduced through your induction system for burning in the combustion chamber.
If you ran breather only you wouldnt purge out those vapors, at least not beyond any that were carried out incidentally by vented pressure. Theyd sit there, increase in concentration, and as vapor concentration reaches a critical mass it settles increasingly on surfaces that the heavily laden air touches, or, has more compounds available to combine with suspended water molecules and make acidic compounds, sludges, deposits, etc, so on so forth.
So, breather is an open window on a windless day. Pcv is a box fan in the window.
Edit: or better example...
Go eat a bunch of Mexican. Use the restroom. Open the door (breather). Turn on ceiling fan (PCV).
One eliminates the noxious gases and substances from the air better than the other. Except combustion isn't a one time use like you in the restroom, its constant use. You can see how active venting (PCV) makes a difference.