Don -
Not much oil, just enough to p** me off. No drips, just an oil smear on the floor within an hour of shutting it off, then no more oil. I have had a 348/305 horse and a 409/380 horse and not a drop ever from either of those two. The one in question is a 348/350 horse.
Although the responses above talk about the sheet metal baffle on the underside of the manifold, my question is about the round 2" or so round by 4" long tin can shaped thing bolted to the lifter gallery and connected to the road draft tube. In small blocks, it kept oil in the crankcase and let the blow by out the draft tube. I just don't know if the 348 used these.