(1)
Useful information and diagrams post #459441
(2) The oil system on this engine follows the common pattern of having a positive displacement oil pump and a system of oil ducts , nozzles and orifices to control the flow of oil in different amounts to the several places in the engine where it is needed .
Ideally in such a design the ducts should be generously sized and the flow controlled by the nozzles and orifices alone . In this particular engine though the oil to the crankshaft and connecting rod journals is not directly controlled . It is sort of controlled by default depending on how much oil flow is going to other places in the engine .
(3) Question asked is whether changing the flow area through that hole with a stud in it could cause problems . Best guess answers :
(a) If the flow area is maintained at original value by opening out the hole as well as enlarging the stud then probably not .
(b) If flow area is significantly reduced then near certainty that it will .
Really depends on whether the flow area around the stud is more or less than the summed area of all the nozzles and orifices it is feeding . Generously more is ideal , about the same is problematic and definitely less is going to cause uncertain and erratic oil feed .
(4) There are secondary considerations regarding altering dimensions of the stud and hole .
(a) Any significant step increase in flow area in an oil duct can cause frothing .
(b) Any significant step decrease in flow area can leave dirt traps