Cap 8 covers the port that's supposed to go to the brake servo on an E38 740 - except on a 540 there's not space for one as it's all hydraulic. (Unless you've got a remote, then it'll probably take the feed from elsewhere up the front of the manifold.)
The car will run lean and misfire if that's leaking - so if you seal it up you should notice smoother running. If it was severe enough to cause the ECU to flip, sealing it will increase performance too.