Where the valve spring pressure has been increased, blocking off the overflow tubes at the rocker arms does help to increase oil flow at the rockers. This does reduce the amount of oil to the front timing gear area which can be compensated in other ways. When using stock valve spring pressures and keeping with the original design, any excess of oil is simply redirected to the front timing area and the distributor gear when using the overflow tubes. Advantages of using the overflow tubes includes reduced heating of the oil within the rocker shafts and eliminating trapped air in the shafts. Keeping the oil moving is going to reduce any sludging taking place within the shafts. While I use pressurized oiling at the shafts on my Y powered race engines, my ’55 Customline with over 250K miles does still use the stock rocker arm overflow tubes and still marches on like there’s no tomorrow.
Here are links to past threads that touch on this subject.
Center cam bearing
Grooving the center cam hole in the block
Oil Flow Diagram
Pressurized rocker shafts
Pressurized rocker shaft more
Pressurized timing chain oiling
Rocker arm overflow tubes Cons
Rocker arm overflow tubes Pros
Rocker arm overflow tube More Pros
Slotting the rocker shafts for improved oiling
Timing chain oil trough
Adding lifter valley holes for camshaft oiling
Drilling additional holes for oiling and/or venting
Valley holes for aiding crankcase evacuation