The oil squirter holes that lube the cyl. walls are in the crank ??
With the amount of oil "flung off" the crankshaft and con rods, (even in "dry" sump systems), in most racing engines, cylinder wall oiling is typically NOT an issue. In fact, with today's "low tension", thin section oil ring assemblies, the oil on the cylinder walls can easily "overpower" the oil removal capability of the ring and piston, forcing the 2nd ring into a "backup" role as an oil scraper.
Thin rings "re-capture" work otherwise lost to friction/drag power losses. The trick is to minimize the loss component while retaining
adequate lubrication and cooling . . . . .
There is some "disagreement" about this, but my opinion is that the bottom end components are mostly oil cooled. The rings and piston land area transfer heat through the cylinder wall to the cooling system, but the skirt, not so much.
Yeah, your flathead powered lawn mower running low rpm levels with splash lubrication to the crank and rod needs a squirt hole to the piston/cylinder. Your 6000+ rpm race engine, NO. It's an "oil tornado" in
that crankcase . . . .
M