I think the reason you can't use that hole is the weight and string won't be clear of the motor. There is a small area that you can be drilled so the string and weight clear the motor. And I think the new angel of pull is good, no problem with that.
The "theories" behind why it works is a more constant pull vs. the spring and we can achieve maximum torgue. It seems 1.5oz is enough but you could experiment with different amounts of weight within that range. Just use enough weight till you get max torque. You can feel with your finger that the platter gets pretty hard to stop when max torque is achieved. All that is thought to give better speed stability and helps the turntable deal with stylus drag. And also some think the "twangy" spring resonates more noise into the platter and or plinth.
I agree you want a smooth surface for the string to slide on so drilling the hole and fitting a rod with smooth top is the way to go.
The "theories" behind why it works is a more constant pull vs. the spring and we can achieve maximum torgue. It seems 1.5oz is enough but you could experiment with different amounts of weight within that range. Just use enough weight till you get max torque. You can feel with your finger that the platter gets pretty hard to stop when max torque is achieved. All that is thought to give better speed stability and helps the turntable deal with stylus drag. And also some think the "twangy" spring resonates more noise into the platter and or plinth.
I agree you want a smooth surface for the string to slide on so drilling the hole and fitting a rod with smooth top is the way to go.