<< ...how about this version here...>>

Yes, that is more like what I am looking for. I'm just trying to figure out the math behind making the holes as equally spaced as possible. In your example, the holes are still unequally spaced in areas near the top of the object.

I have also been playing with using cylinders to create the holes over the past few days, but I haven't totally figured it out yet. Hopefully I'll figure it out soon.

Thanks for all of your help.