300 bux is outrageous!! The part, from the stealer, is around $43. It is a hard black pipe with a check valve and a short, rubber hose section. Coming from the check valve is the main vacuum feedline for all of your other vacuum accessories.
While you have it apart, you probably also want to clean the nipple on the vacuum pump where it wobbles and seal it up around the edge real good as vacuum leaks tend to develop there. Make sure that whatever you use to seal it up with, be it silicone or JB Weld, is COMPLETELY cured before starting the engine! If it's not, the vacuum pump will suck it in and you will have a whole heap of new problems.