Drilling rotors does NOTHING for performance.
Lots of people like to debate about this, but rather than make sweeping generalizations, I prefer to stick to the facts.
On my Explorer, I went to my favorite test road with a buddy, and made several consecutive stops using the same point for brake application. After two stops from 60mph to 10mph, the stopping distance started to increase noticably.
After driving it to the shop, I took the stock, vented rotors off the vehicle, and checked them for proper thickness, runout, and dish. They were good, so I marked and drilled them, taking care to do it properly, and chamfering the hole edges correctly. I put them back on with the same pads. I did not face the rotors, bleed the brakes or anything else that would have had an effect on the braking performance. Total elapsed time about 2 hours, including letting the rotors cool before removing them.
I repeated the above test, and noticed that while my stopping distance didn't decrease measurably from the first test, it stayed the same after four stops. In my opinion, that is a significant improvement in braking performance. Satisfied, I didn't try any more. My buddy, who was skeptical of drilling before, was convinced that it helped.
Later, with better pads and tires, braking distances improved, as you might expect. Pad wear, rotor wear and balance did not degrade at all.
I have since sold the Explorer, but I know the current owner. Those drilled rotors are still on with no cracks whatsoever after four years.
Now, does that apply to every vehicle on the road? Probably not. But on at least one vehicle, it helped noticably with no detrimental side effects.
Regards,
John.