The
red linkage rod is connected to the throttle positioner and vacuum diaphram(sometimes called "choke pull-off diaphram"). Turning the screw in on the throttle positioner (with vehicle off) will crack open the primary throttle plate. Once your engine is running, vacuum sucks that diaphram which pulls that rod and negates the initial throttle positioner setting. Your throttle is now cracked open by the all important "idle speed screw"
The
blue vacuum port is the port normally used for the diaphram "choke pull-off"
None of my cruisers have emission gear, so I don't have anything to add there.
USA 72's came with a vacuum retard distributor. If your rig still has a retard dizzy it is advised by FJ40Jim(a guru) to not hook any vacuum to your dizzy. Just cap the diaphram and set your advance to 10 degrees TDC. It is my belief his method will help your engine w/retard dizzy run better than it did from the factory.
If someone has added a Vac Advance dizzy then I don't think that port on the drivers side is best. That is under your secondary throttle plate which is often closed. (I could be wrong though, I'm no expert) The best spot for a vac advance signal is on the passenger side carb base. Just below the primary throttle plate. 65swb45 & FJ40Jim would be the best guys to have add an advance port. The other spot I've seen used is a nipple that threads into the intake manifold.
To tell what type dizzy you have: remove the dizzy cap, hook a vac line to the dizzy diaphram and suck on the other end. If the plate inside the dizzy moves clockwise, you have a retarded advancer. If the plate rotates counter-clock, you have the more desireable advance type dizzy.
The carb picture you posted doesn't have the choke pull-off linkage rod present. I posted one of mine that does below. If your carb does have this linkage, here's what it does:
During cold starts, you pull your choke cable which (hopefully

) closes the choke plate on the primary side of your carb. This plate chokes off air flow, so that your combustion chambers are geting mostly fuel(rich condition). Once the spark ignites the fuel, your engine is running and now has more suction or vacuum. The vacuum now present in your running engine sucks that diaphram which pulls the choke pull-off linkage. Without you having to touch the choke cable during warm up, the linkage slighly pulls open the spring loaded choke plate. This allows slightly more air to mix with the fuel during warm-up(leaner). You can bend that linkage to the desired amount of pull-off. Once warm, you push your choke cable in and now the diaphram's job is done.