Doing it your way, there is no dump for the smog pump output when you got to wide open throttle.
The Ford engineers are smarter than the average bear, & they put all the control & check valve there for a good reason.
The smog pump has two vacuum operated valves. The first valve either dumps the pump output to the open air or directs it to the next valve. The smog pump dumps its output at full throttle to save horsepower. The second valve directs the air to either the passages in the heads or to the tube that runs to the cat converters. Both the tube for the head and the tube going to the cat converters have one way check valves to prevent the hot exhaust gas from backing up into the tube and the control valves.
See
http://www.veryuseful.com/mustang/tech/engine/images/88Stang5.0Vacuum.gif for smog pump vacuum line help
Here are some of the codes generated by faulty parts in the smog pump system and their fixes...
Codes 94 & 44 - Check vacuum lines for leaks, & cracks. Disconnect the big hose from smog pump: with the engine running you should feel air output. Reconnect the smog pump hose & apply vacuum to the first vacuum controlled valve: Its purpose is to either dump the pump's output to the atmosphere or pass it to the next valve. The next vacuum controlled valve directs the air to either the cylinder heads when the engine is cold or to the catalytic converter when the engine is warm. Disconnect the big hoses from the back side of the vacuum controlled valve and start the engine. Apply vacuum to the valve and see if the airflow changes from one hose to the next.
The two electrical controlled vacuum valves mounted on the rear of the passenger side wheelwell turn the vacuum on & off under computer control. Check to see that both valves have +12 volts on the red wire. Then ground the white/red wire and the first solenoid should open and pass vacuum. Do the same thing to the light green/black wire on the second solenoid and it should open and pass vacuum.
Remember that the computer does not source power for any actuator or relay, but provides the ground necessary to complete the circuit. That means one side of the circuit will always be hot, and the other side will go to ground or below 1 volt as the computer switches on that circuit.
See the following website for some help from Tmoss (diagram designer) & Stang&2Birds (website host)
http://www.veryuseful.com/mustang/tech/engine/images/fuel-alt-links-ign-ac.gif
http://www.veryuseful.com/mustang/tech/engine/images/88-91eecPinout.gif
Code 81 – Secondary Air Injection Diverter Solenoid failure AM2. The secondary air diverter solenoid valve isn’t working on the Thermactor Air System (smog pump). Look for broken or missing vacuum lines on the solenoid valve to the diverter valve. The solenoid valve is located on the back side of the passenger side wheel well. Check the solenoid valve for +12 volts at the Red wire and look for the Lt Green/Black wire to switch from +12 volts to 1 volt or less. The computer controls the valve by providing a ground path on the LT Green/Black wire for the solenoid valve.
Code 82 – Secondary Air Injection Diverter Solenoid failure AM1. The dump valve air diverter solenoid valve isn’t working on the Thermactor Air System (smog pump). Look for broken or missing vacuum lines on the solenoid valve to the diverter valve Check the solenoid valve for +12 volts at the Red wire and look for the Red/White wire to switch from +12 volts to 1 volt or less. The computer controls the valve by providing a ground path on the Red/White wire for the solenoid valve.