Butch, I've been doing the same thing, altho I drill my hole differently. I find a two inch hole easy to drill and a three inch to be my practical limit. I'm weighting with 1/8" lead wire that is 35 gr/in, so a two inch insert is good for 70 grains. If you want more than that, it is easier and more versatile to go to a heavier point. Paper tuning has shown me that I need to add about one pound of static spine per ten grains of insert weight.
With wood arrows, total arrow weight seems likely to be a limiting factor with front weighted arrows. I made up some Heavy Heads for a pig hunt. The shafts were lightweight tapered Sitka Spruce, 70 lb static spine, 28" BOP, with a 50 gr insert (1.5") and a 190 gr VPA Terminator broadhead for a total arrow weight of 620 gr and 20.6% FOC. They paper tuned beautifully from my 54 lb at 26" Pronghorn T/D longbow, so that is the bow I hunted with. That works out to 11.5 gr/lb and 12 gr/lb is about as heavy an arrow as I like to shoot. I can say that I was very pleased with the arrow's performance on a 150 lb boar. I hope this gives you a little help or insight with your question.