Your mk1 tank will vent through th fuel cap and it will not become a vacuum and suck on the return line.
I would say if you gave the return line a blow you would rid it of any residual fuel and you wont get any leaking again.
Just shove a bolt down it or something.
My girls mk1 has a webber carb on it and whilst somebody did do a return arangement on it (badly) it dosen't seem to run right as I think it to needs a little pressure.
The old mk1s had a terrible little plastic T piece in the line that would break and people ( i did) would replace them with a T peice from the auto shop but the real VW was different as it had a restricted hole going to the return thus ensuring correct flow to the carb.
The car would go but then on a steep hill conk out, like the bridge

Any way I have just bent the fuel line over in half to block the return on the girls car, no probs.