If your talking about the main pipe in view. Thats part of the PCV system which recircs excess air pressure back into the inlet from the engine.
a few things to mention.
1. the pcv system makes the oil vapours OZONE friendly by placing them back through your engine, which is why you have a slight leak below.
2. alot of people just block off the pcv system, i have recently done mine, which means no leaks, less oil going back into my engine which means more "good" air not mixed with oil vapours.
O and 3. if the pcv system is leaking, it means you are loosing boost pressure, which means you will be down on power, only slightly i imagine but when its blocked or fixed you will notice it.
I used the forge blanking plate myself, and noticed and instant better drive. Its only about £70 and gives your boost tap options in future for a boost guage or meth kit etc..