The EY factory head plumbing layout in our boat (and other same era Ericson's) has the waste hose from the head go to a Y valve where it can be routed to a holding tank or to another Y valve. That second valve exists to either direct the waste onwards to the 1.5" thru hull for discharge, or to accept waste from another hose that connects to the Whale hand pump in the head compartment. That way the holding tank can be emptied by hand pumping the waste overboard - presumably "legally" out at sea.
Note that the hand pump was fed by another hose from the bottom of the holding tank.
This provides choices, but at the cost of more hoses, valves, and tank connections. When I overhauled our head plumbing, I installed a new larger holding tank and specified that all connections be from the top, with the deck pumpout connection and the one leading to the hand pump being drop tubes to the tank bottom. As another owner noted here at the time, he also did not want possible leaks "in the abyss."
Note B: some EY boats may have had different head discharge setups, installed upon delivery.
Note C: our head plumbing system had/has no vented loops. Never did. We
do keep all those thru hulls closed when off the boat.