I just went into the garage and assembled mine (awaiting some CAD plated screws), and found that, like yours, it does not close off with the spring pressure. Mine has the plug and no parts are missing. I did find, however, that since mine has been sitting several months dry and the diaphragm is 47 years old, the diaphragm is very stiff. I think I will replace the diaphragm before reassembling it for the restoration. When I say, "stiff", I mean, "STIFF", almost like cardboard.
The stiffness of the diaphragm on mine is definitely enough to keep the spring from deflecting it onto the seat at the inlet. If the diaphragm is supposed to be supple like a typical carburetor accelerator pump diaphragm, then mine MUST be replaced. So, I really appreciate your post. I would not have known of the problem.
Tom Kizer