Engines produce a lot of heat. A Chevy V8 engine will create enough heat while running to permanently malfunction through melted parts and failed components. This is why engines use coolant systems and lubricants. The coolant systems carry excess heat away from the engine and vent it out elsewhere, saving the engine when it runs at higher speeds. Overheating is typically caused by a failure in the antifreeze or coolant system, not a vacuum leak.
Vacuum leaks are caused by ruptures in the fuel intake components of the SBC engine. Symptoms of the vacuum leak include an engine that refuses to idle properly, an engine that stalls easily or a misfiring engine that wastes fuel and can potentially damage itself. Air is finding its way into the carefully sealed fuel injection process, altering the measured amount of air that is mixed with the fuel prior to combustion. This problem affects efficiency, but rarely causes overheating problems by itself.
The causes behind vacuum leaks and overheating also differ. Overheating is generally caused by dirty coolant or coolant lines that have become jammed. Sometimes a leak in the coolant lines can cause an imbalance in the amount of coolant the engine uses. Vacuum leaks, meanwhile, are caused by carburetor leaks, faulty gaskets and cracks in fuel injection components of the engine. Different solutions are needed to fix each problem.
The coolant in the SBC engine also operates in a type of vacuum. A vacuum leak in the coolant line may be possible if the line has sprung a leak. This has nothing to do with the air intake of the engine, but it could mean air bubbles are entering the antifreeze and preventing it from working properly. This in turn could cause overheating.