Using that valve with out the PB adapter, the top port would be the OUT port, and a plug is in the bottom port.
So when you install the PB adapter in the top port, the bottom port becomes the OUT port.
The port that the PB adapter fits in should have a seat inside the port where the PB adapter seals off the out port.
To test out the valve before you run hyd through it, use air in the IN port, and air should come out the PB port only with lever in neutral.
If you push the lever fully, air should come out one of the work ports.