Yep, its rubber and its prone to splitting. There should be barely any movement at all, althought they occasionally come into contact with the tray that hangs over the bulkhead. If its anything like my old driver, it'll get progressively worse and become almost undrivable. The bigger the split, the more unfiltered air gets in, leaning out your mixture and making it stall everywhere and impossible to rev.
The flange only costs a few quid to replace, but its a swine to get at. You have to get the carb off the mounting first and then get the rest off. If you have the weber conversion you'll have to get some of the carb off before detatching it from the flange. Alternatively, you could glue the hole, but be careful not to get any glue into the inlet manifold.