instead of in the back? And also, is that where you disconnect the fuel lines to remove the intake manifold?


It seems different than the 94+ LT1.

I took the black cap off of what I believe to be the schrader valve.... there was a little pin in the middle (almost like a tire valve stem) and I pushed that down. A small amount of fuel came out, but not much at all. Do you think that's right? Or should I keep holding that pin inside down?

 

That is the schrader valve I wouldn't worry about spilling to much fuel there isn't that much in the lines. You disconnect the fuel lines where they change from the flexable rubber hoses to the metal ones... you need a special fuel line dissconnect tool. You can get it a napa or most parts stores.