A combined feed and vent is a recognised way of piping especially for low head installations. It cannot draw air (or pump over for that matter) if piped that way.
Many older badly piped systems have been changed to combined F&E to stop them drawing air. Usually after some numpty has changed a pump and set the speed too high because they don't know any better.
A low water content boiler fitted to an existing system that worked perfect with the feed teed off the return will cause problems unless the position of the feed is altered. This is because the old cast boiler acted like a neutraliser and slowed the speed of the water which the new one won't do.
Here is a drawing from a baxi HE
View attachment 3644
Note how they recommend the use of an air seperator (basically a section of bigger pipe) to slow the water as it passes.
Arran197
Continual venting of rads encourages more corrosion as oxygen (through the fresh water) is constantly being introduced to the system. Without getting too technical, this oxygen reacts with the steel parts of the system (rusts) which produces magnetite (sludge) and as the oxygen is taken from the water, in the process, leaves hydrogen which is more than likely what is being vented.
Smell it or put a match to it (
at your own risk, just make sure the curtains are well away). It burns with a near invisible flame.