I did some searching and all I found was that the reason for the breather returning to the intake manifold was 1.) Emissions control. 2.) to create negative pressure in the crank case to more or less "suck" the blow-by fumes out and create negative pressure.
I'd like to just run a tube down to the bottom of the engine bay. I am not that worried about emissions, sorry tree huggers. I am worried about the build up or crankcase pressure as mentioned by dependable. From what I read, the whole vent-into-the intake was originally designed for gas engines because of the greater vacuum created by the carburetor. However, the only restriction on the intake on the 6.2 is the air filter (mine is currently the stock paper filter, but a cotton one is to come). This doesn't make very many pounds of vacuum (more like ounces). SO, the solution to this was the CDR valve. I must admit that I do not understand how a CDR valve works or what it really does.
My question still remains, though now with more intelligence behind it.
Will removing the vacuum and CDR valve from the crankcase vent and venting it to atmospheric pressure build enough pressure in the crankcase to cause oil leaks and/or any other problems?