I fail to see how positive pressure in the tank would cause this. Negative pressure yes, positive pressure no.
The OP states that the bike died right away so it couldn't be that the tank developed the negative pressure that quickly.
I'm not exactly sure to be honest. I've seen it happen once and when the pressure was relieved the pump operated correctly. That was years ago when I was young and not concerned about the why it worked. I didn't investigate further but if I ever see it again I'm going to rip the pump apart to see if it's due to weak/failing bearing(s), seals, etc. As I remember, the friend of mine that owned the bike replaced the vented cap and didn't have a problem for over two weeks but replaced the pump in short order (he used my garage/tools is how I know that) because he was doing a longer trip and it was to big of a concern to him. It could've been a coincidence, I guess, but I don't know.
Weather cooperated today and the bike did it again. I shut it off, opened the gas cap with minimal pressure release, and tried to restart with the cap open. It didn't start again so I shut the tank, twisted the throttle, and it started. It idled up to around 1200ish I'd say then quickly (like a second or two) went down to 1000 rpm with a little bounce in it evening out pretty quickly. So I'm thinking the primary culprit might be the idle itself since the bike fired immediately after I gave it some throttle.
I tried looking for the idle adjustment on the left side in front of the shifter and linkage but didn't see it. The manual doesn't say anything about removing a panel or anything so I gave up since it was rather warm and it's suppose to storm here sometime soon. I'm going to look again but if someone wouldn't mind giving me a more descriptive location of it that'd be great.
Thanks for the replies.