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That´s how many turbo cars are vented from factory but with a "catch can" mounted on the engine instead of in the engine bay.
The only thing I don´t like with this version is that you´ll fill the IC and other parts with dirty oil from the fumes.
A really good baffled catch can will take care of it but very rare.
I think that's the correct way to controll the normal blow-by gases in the engine. The catch can should take care of oil overspray but it requires constant cleaning its practically filtering.
This is the most effective way to relieve pressure in the engine because it uses vaccum to suck out pressure instead of just venting it to the atmosphere
While very few people in the s2ki/honda world run setups like these, they are very common eslewhere
As B5254T4 mentioned, you need a good baffle to prevent fumes/oil from getting sucked back into your turbo