old trackie trick
yeah when I started racing track with the ABLA, later USCF, that was a fad, to drill the inner rim bed in between the spoke holes. Nisi, and others, even offered lightweight sewup rims that were factory drilled. I still got a front wheel with a 280 gr. Nisi Sludi like that, only it's not factory drilled clear thru, but there are deep dimples between spoke hole where the rim bed was ground down. Good rim, it's 20-plus years old and still rideable.
Eddy Merckx's hour record bike got that treatment.
Maybe makes sense when you're starting with a 300 gr. track sewup or time trial rim. I would say losing an ounce or two on a pair of mtb wheels by drilling the rims would be a total waste of time, as the slight gain in acceleration from a lighter rim mass would only make a difference -- a small difference at that -- on a smooth surface. On trails, I seriously doubt one could measure, let alone feel, any difference. But hey, got a drill, go nuts, doesn't bother me if you do.