I would use that hole for a twist on oil cap, or twist on breather. To install the pcv valve you want a round hole for the grommet. What does the other valve cover look like ?
A full pic of each valve cover sure would help.
The Anson valve covers are symmetric as are the heads. This is the issue I’ve been trying to work around. (Another great argument for stock valve covers) if I can get a oil cap that seals then I can use the rear punch out for the PCV.
I’m trying not to throw the bank at the project and use what I have....