The drillved holes help with gas dispersal. When pads get hot, you either get physical glaze, pad float or you get the fuid to boil in localsed palces leading to gas in the lines and thus fade.
The holes prevent pad float from gas released from a hot pad, they simply pass through the holes.
In my opinion, a simple pad swap is all you need, true, it will eat away at discs a teeny weeny bit faster, but i have been running 1144 pads and plain maxtorque discs upfront on my race spec fezzy on amy a track day, no fade nothing. its still on its original set and the set only cost me about 60 quid for the lot.
Id assume that you car has at least dot4 in it already, but i find that castrols super dot 4 synthetic brake fluid is great, high boiling points and you dont need ot change it very often, unlike dot 5 which is has a violent hydroscopicity.
As for deceleratinga car faster, larger pad area is not the only way, a longer torque arm and simple pad CoFs work wonders. If your braking from 120mph, the std pads will usually get pad float before any glaze or fliud boiling. So, if you run harder pads, you wont get this form of fade as early, leading to faster retardation rates.
Pads really is all msot people need. Big honking 6 pots and 19" wheels to accomodate 345mm discs is overkill.
Its all about converting kinetic energy into heat, the better and longer you can do it, the better you will stop, simple.