Okay, your carb is still an Automotive Carb, and I don't know what recalibration, if any, was done to it before you acquired it, The Fuel Delivery Curve could be way off of what an Marine Engine needs. Yrs ago, Holley didn't offer Aftermarket Marine Carbs, they did make some for OMC and Mercury, and a few other Marine Engine Builders. But in a lot of cases, 3rd Party Marine Builders would just get Non-Emission Aftermarket Carbs, compliant or not.
The J-Tube vent are there to direct any overfill of the Bowl into the Intake. Throttle Shafts on a Marine Carb, have to be engineered to direct any Fuel towards intake, and not allow it to seep out of the Shaft Holes. Small things that help keep a Boat from Blowing up when the Key is Turned. Electrical Components are allow designed to keep any fumes from interacting with Sparks, and provide a means of Cooling any flames if they do interact.
Spark Arrester on the Carb, is big Heatsink, designed to absorb the Heat of any Fuel burning on the Wrong Side of the Carb Venturi, so it can't ignite any fuel fumes in the Engine Compartment
we also can argue VE all day long. that motor came with a larger carb from the factory that OMC determined was needed.
I suspect the Oversized Carb was put on there, as OMC was entering that Engine in Race Classes that required certain Parts, such as Carb, to be Factory OEMs. The Intake supplied on the 460 from OMC, certainly couldn't flow what a 750cfm could provide