Sam Fadala also suggests the same in the Lyman Blackpowder manual - with the addition that if you don't have a clean out screw, as is the case with many snail breeches, that you drill a small hole through the breech itself down into the channel.
Likewise, there are a number of old English rifles and shotguns that had a blow-out plug, some with a small hole in the center of the plug that was meant to pop out in case of over charge.
I only build and shoot "cap guns", all with patent breeches (snail or Allan drum style) and have never felt the need or seen the need to drill a hole anywhere.
A Hotshot nipple does help flare the cap upon firing (resulting in virtually no stuck caps) and use them anytime I can get away with a full length rifle cap, but agree, that has nothing to do with releasing any of the pressure when ramming the load down.
Keeping the cap off in that process, which is the safe thing to do, allows the pressure to escape unless your flash channel is all mucked up (which would tend to prevent ignition anyhow) - so again, don't see the need for the hole.
If you keep your charges "reasonable", you shouldn't need to relieve any pressure upon firing (JMO).
PS - while I have read Peter's book and noted that particular point. I have handled a number of his rifles, and while he rarely builds a caplock, the couple that I have seen I don't remember a hole in the screw - so maybe something he suggests that he picked up from someone, but doesn't practice himself ??