Here's my two cents worth.
I have drilled the additional oiling holes in the valley only to be surprised how much oil is actually thrown up out of those holes under full throttle. I had a clear cover over the valley while dyno testing which permitted me to observe what was happening in this area under throttle. There’s obviously enough oil to the camshaft without the additional oil holes in the valley but there is some crankcase pressure relief taking place which would allow oil to flow to the back of the block easier and drain to the crankcase via that route. Without the additional holes, the only pressure relief from the crankcase is happening from the two small holes at the front of the block and the distributor hole cavity.
Although I haven’t seen it happen, the potential for cracking a block down its middle is intensified in a high horsepower application when drilling the valley with a multitude of small holes.
I’m also in favor of grooving the block in the center cam journal so that the three oil holes are interconnected. The cam bearing then just presses in place over this modification. At this point, it’s just a simple matter of putting a restrictor in the rocker arm pedestal to control the amount of oil going to the rockers. On the race engines, I’ve experimented with as small as 0.062” while on street drivers I’ve had this restrictor as large as 0.110”. I still use the oil drain back tubes on the shafts to allow the oil to free flow through the system rather than pinch off or block the tubes and pressurize the shafts.

Lorena, Texas (South of Waco)