As others have said, studs get in the way in most cutting using full length and depth of the blade (Rat 1 might be an exception, the stud is behind the blade grind). It also gets in the way in sharpening (non expert like me, knifeknut can do it to a VECP). I always take it off when sharpening.
Opening a blade with hole is better and safer, because the ring formed by the hole will prevent slippage, and help redirecting the force. Imagine a push to 45 degree outward from the handle when opening, at certain stage, the hole will help redirecting the force. If user decides to keep pussing in 45 straight line, the blade might just stop, with the thumb resting inside the hole and only need to continue the movemeny by changing direction.
If a stud is in place of the hole, the thumb will simply silde off the studs, and user has to 'find' the studs to be continue. In high stress or fatigue situation, it is very dangerous trying to find one's way with a half open sharp blade (or 3/4 open in this case).
The nature of the hole trapping the finger all the time is safer.
These two obvious advantages are why hole is superior.
PS: I can flick open back lock as well, although it takes more practice. Opening without flicking, hole all the way! :thumbup: