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And do I need it? I got a whole rear-end out of a '92 with 3.55 Limited Slip that I am swapping in and I don't think it had this, though I can't remember. The jy just cut the rubber line on the '92 axle, so I need to replace the distribution block on the axle. Are these available at the usual shops?
Not totally sure but it looks like a BPV (brake proportioning valve)
Agreed. It's function was to change/adjust the brake bias depending on the load(weight) in the bed. I have a similar device on my 97 Taurus as well. In my Taurus w/ Bias Plugs installed (the car stops "flatter" - hardly any front dive) in heavy braking.