Chris, I haven't used a "slack bladder" tank in over 50 years, but there are some people around who have recently. ( The control-line AJ Firebaby in the early 1950's. It looked like a balsa department store glider, but had a stamped metal mount for a 1/2A engine, and a canopy to keep the balloon tank from flopping around too much.)
A slack bladder tank is a small balloon with the fuel tube stuck in, and the balloon's open end wired or wrapped airtight to the fuel tube..
That's the only tube going into or out of it.
It is filled with a bulb or syringe, by first drawing out all the air, then tipping the bulb so fuel will go out the spout, into the balloon. Don't stretch the balloon; that makes for pressure (until enough fuel is used, then it goes slack - making a different setting!)
I've heard that this kind of tankis a lot less sensitive to relative height to the spraybar, since there's no vent inside. The balloon just collapses according to the fuel drawn out.
The problem with any balloon tank is fairly quick deterioraton on exposure to glow fuel. You'll see the balloon get sticky and bad looking. Slap a new one on - don't try to make a used-up one work. Depending how often you fly, and how much nitro is in the fuel, a slack balloon tank might last a dozen or more flights.