The intake manifolds are known to crack on those motors, causing a leak on only one side. I think it's a stretch, but since vacuum generally drops as RPM climbs, I guess that's always a remote possibility.
I agree with your thinking that, at 1400 hours, there's only a limited amount of effort and money you want to put into the thing. I just rebuilt mine at 1200 hours, and given the time and costs involved, I sort of regret not just replacing the damn thing. Depending on exact configuration, replacement cost is around $3k.