I went through that. no leak but the hose is crap after being through 20 some years of heat.
if the rubber is still a bit soft you might be able to get by with just cutting it shorter to eliminate the crack if you dont want to purchase a new hose.
but considering the modest price of a nice new one i would just go buy one, and maybe some new clamps as well. the new one is different, its made with black rubber and has a thin coat of grey over it...preshaped to fit perfect as well.
i jsut bought anew one because mine was stiff and plastic like...and cracked. yours probably is too.
the top connection is actually the valve cover, and the bottom is a crankcase vent, no seals that i'm aware of. remove your alternator and take a look. squeezing the hose and looking without some parts removal wont get you good results...without the alternator you should be able to see the whole hose and find the leak if in fact it is coming from the hose.
good luck.