Probably a dumb question (who better to ask
) The holes alternate around and front to back to not compromise strenght?? And are between plate locations?? OK, that was two dumb questions. 
This mod reduces the suddenness of the clutch engagement, particularly in hot weather and with lower viscosity oils.
Yes, try to make the holes between the steel plates. This is easy, given that the plates have marked the hub for you already.

Also, add holes only down in the "valleys", not on the splines. This ensures that you don't damage the hub's strength.
Besides, the hub in the picture was raced 4 years, then driven to 112,000 miles before I took this picture. It's a tough piece!