Hiya street,
As a US member of EB (and one with a LOT of experience with the M-26 vapor recovery system) I can tell you, without any doubt whatsoever, that the blue object in the picture is definitely not any part of that system. Moreover, I use Chevron 30 weight in my engine and that bottle appears to be identical to the ones I use.
Araon is dead-on. That silver object is the altitude compensater portion of the Bus two part throttle positioner. If you could see the carburetor you would notice a bracket in front of the carburetor which is attached to the throttle arm. In turn that bracket is also attached to the altitude compensater pictured via a vacuum line. Again, in turn, the altitude compensater is also hooked via vacuum line to the intake manifold. This set-up works to slow the return of the throttle plate on deceleration . It was an emissions device which allowed for more air in the mix to completely burn those nasty little hydrocarbons.