If by "performance" you mean: "will it make my car go faster?", then no. If you mean, "will it keep my pulley from spraying down the engine compartment with oil?", then perhaps.
Oil-spray and keeping the engine compartment dry is a never-ending quest. The ring-seal in most T1 engines is not very good, and nobody has valve-seals. The crankcase is an itty-bitty little space, and gets pressurized by the blow-by. Controlling the blow-by to start with is the first line of defense, but nobody is going to re-ring tnheir engine because they get a little oil spray (except for SOME people I know). The bigger the engine gets, the more air/vapor is getting blown around, and the bigger this issue becomes.
Separating the pressure from the oil-vapor is what the boxes and towers, and all that is all about. The ideal is for the hoses coming from the various places in your engine to be the "path of least resistance" for this pressure, so it won't blow out the pulley or anywhere else. Putting the box high, and having it be of sufficient volume is a nice idea. The EMPI boxes everybody uses get around the need for volume by making the box itself pretty much an open container with a stand-off lid to keep junk from falling into it.
I've got a sealed breather box, but I do a bunch of crazy stuff. The volume of the thing is several gallons, and I run as many big (like 3/4") hoses to it as possible. condensed oil has a chance to drain back these hoses, but I vent the top of the box into a Bernoulli tube and check-valve set-up in my exhaust (Moroso makes it), which actually draws a vacuum on the top of the box. I also have a dry-sump oil pump scavenging the crankcase-- both of these things in an effort to neutralize or draw a slight vacuum on the crankcase, and keep the oil from blowing out the engine anywhere. At least 50% of the reason I dry-sumped to stat with was to just not have so much oil in there to blow out to start with.
A guy doesn't have to get carried away to make this work, and can do one or more of these things to keep the oil where it belongs. But IMHO, the sweet-spot is a set-up like you describe. It won't eliminate the spray, but it'll help.
Good luck.