It also provides an epoxy to epoxy bond between the scales sometimes called an epoxy pin. This added strength is more benefit in my opinion than the slight weight shift that it achieves.
You got it right; the big holes are mainly for weight reduction. Some people(like me) dont like to taper tangs. I like the looks of a tapered tang, but a lot of times I prefer the thicker feel of a non tapered tang with holes drilled for weight reduction.
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