I’d think if there was a hole there it would push out coolant until the level in the radiator couldn’t get to the hole any more. This would do two things - first, the cooling system would never pressurise, leading to poor cooling performance. Second, reduced coolant volume will circulate the coolant quicker through a cooling system at or above normal operating temp.
And if that’s your original radiator you’ll probably find it’s full of crud. If that hole isn’t your issue the partially blocked radiator could be.
Last thing, do you still have the air dam/engine undertray piece still fitted? This is designed to develop a low pressure system in the engine bay at speed to draw air through the radiator. Without this you could find your engine running warmer than normal in hot weather but I doubt it will allow the cooling system to boil.
Cheers
Bennie