Hello EcchiK,
I second Erik's comments about Doc's Pro-Plugs, they are the shiznit!
I find they make equilizing while wearing a hood much, much easier (I often used to struggle to clear my ears when wearing a hood). Simply let a bit of water into your hood/ears at the outset of your dive and you are good to go. The only down-side is somewhat reduced hearing on the surface.
Personally, after I received my beautifully tailored elios suit in the mail any idea of punching holes in it went out the window.
The other option for helping equilization/avoid suit squeeze, which I read about on DB, is to put a thin cord around your head under the hood. Apparently, the cord allows water to penetrate to your ears easier. I tried this method and it ended up being a hassle with little perceived benefit. Anyway, once I received my plugs the cord was history.
Cheers,
Sean
Vancouver, Canada
ps. you want the diving model of plugs, that have holes