Being open to the atmosphere will have no affect on the motor, aslong as the port on the intake pipe between the turbo and AFM is blocked.
If its plumbed back into the intake (pre turbo) then obviously baffles will be required and it will have to be sealed.
If its open to the atmosphere then baffles arnt required but may help with oil mist in engine bay
The bigger the better realy, keep the hoses and all the fittings the same size or larger than the factory one / L pipe on valve cover, the better the baffle design and number of baffles obviously will work better.
Some people may put a drain from the bottom of it back into the sump, most just have a drain bolt on the bottom and check it every now and again and drain it.
For CAMS events, if its open to the atmosphere it shall have a 2L capacity, for up to 2L motors and 3L capacity for motors over 2L.
2L is much bigger than most ebay cans, and 3L is huge! i have a 3L but only spot it would fit is the boot!