well 99, by removing the hose and plugging the end you just did a little bit of troubleshooting. you found that when plugged, the noise level returned to normal. this tells you that there is a problem in the line that you plugged which you have narrowed down to being the vac check valve. true, you havent checked the valve itself, but you know that the problem is narrowed down to that area.
you have two options to correct the problem- the first is the cheapest and easiest. you could replace the possibly faulty valve for about $10 and only minutes of your time or replace the whole booster for about a buck thirty and considerably longer. i like to try the quickest and easiest first. if that doesnt work, your only out a little bit. I would try the valve first (if you can figure out a way to test the old valve for leaks great but i havent had to deal with that part quite yet in my xj) to save time money and hassel. examine any rubber groments for the part before you go to the parts store. if the rubber is stiff, cracked or crumbling get new. heck, even if the old groment looks good its cheap insurance to replace it anyway because underhood temps take a toll on ruber and plastic components.
while your at it, you may want to examine the remainder of your vac system for problems. i found one craced vac line initially on my 95. since there was a problem in one area, i decided to check the remaining parts to be safe. after only about 3 minutes of checking i found out all the lines in my crankcase ventilation system needed replaceing. by being proactive i possibly saved myself some headache later on. I haddent thought about checking the valve you are having issues with, so i will have to check it in the morning when light is better. thanks for the reminder that i need to check mine.
if you have any questions about the repair or checking the rest of the vac system feel free to pm me.