Anyone know what the "Flash Value" does next to the thermostat?

I just acquired this motor and put it in the water today.
It has a small amount of water dripping from the hole pictured which is for the Flash Valve. "Small" as in it might take a whole day to collect a cup, 3 drips per minute.
Port looks a little bit corroded and I suspect the corrosion is preventing a full seal.
Thanks folks!

I just acquired this motor and put it in the water today.
It has a small amount of water dripping from the hole pictured which is for the Flash Valve. "Small" as in it might take a whole day to collect a cup, 3 drips per minute.
Port looks a little bit corroded and I suspect the corrosion is preventing a full seal.
Thanks folks!

