It would seem to me that the circular hole is theoretically better than the oval hole but that functionally there may be little difference. It depends upon how "oval" the oval is.
When you think about how you open a knife with any "opening" in it (circle, oval, slot etc.) you are pushing against only a small section of the hole--the section opposite of the blade. The hole does help intiallly orient your thumb. As the blade opens, presuming your thumb positioning doesn't change much, the hole rotates under your thumb but the net result is that you, more or less, continue pushing on the same point of the hole--just with different parts of your thumb. As long as the hole fits your thumb, both oval and circular will function fine. Although, the circular hole, is seems to me, will best guide your thumb to an optimum pushing point throughout the motion. You start off pushing with the tip of your thumb and gradually rotate the force point to the side of your thumb.
A slotted hole, on the other hand, is more difficult to make consistent contact with the edge of the hole opposing the knife edge and there is a greater chance of slipping to the side.
Having said all that I should point out that I have only round-holed knifes (Calyspo Jr and AFCK) and one slotted-hole knife (Leatherman Wave). I do not yet have personal experience with the oval hole. The slotted Leatherman is sort of the extreme case of an oval with one large and one small axis of curvature. The only reason my hand does not fall off the Wave is that the edge of the slot against which you push is raised.
I don't much buy the oval hole fitting your thumb argument because it only fits your oval thumb at the beginning of the opening motion. Mind you that is the most important time during opening. As the blade rotates, the aspect ration of the oval hole to your thumb changes and you end up pushing with the "wrong" part (the side) your oval thumb against the oval knife hole (sort of forming a "T" with your thumb and the hole).
Theoretically that is.
Just my 2 cents.
Regards,
David
[This message has been edited by David G (edited 04-26-2001).]
[This message has been edited by David G (edited 04-26-2001).]