The stock setup is a tube that runs to a reservoir under the seat. Pressure builds up in the crankcase and excess oil goes up the tube into the reservoir, then is siphoned back down later.
Right idea, wrong model though.
The 96 has the catch tank under the battery box and no return back to the oil tank or timing chest.
It is a total loss breather system and when the catch can gets full it just pumps it into the air filter housing and trashes the air filter. There is a drain plug on the bottom of the catch can and it must be drained on a regular basis.
The best thing that can be done with this breather system is to off the catch can, plug the air box and put a duckbill on it.
To the best of my knowledge the iron bullet has had 4 different breather systems.
The first (duckbill only) functioned flawlessly for many many years.
The next 2 versions can be converted into the first version and will work flawlessly.
The last one that vents into the oil tank is one of those things that was a pisspoor idea in the first place and can be made better but will never work well no matter what you do.