I agree with all said above. If you are running an external oiling pickup you wouldn't have to worry about the internal pickup.
Bushing lifter bores would be a nice luxury, but not absolutely needed. Depending on cylinder head, you may want to consider oiling mods to the heads. The factory oiling strategy uses the #4 main feed to oil the heads. The cam is drilled to intermittently feed oil from the #4 main in "pulses" to the heads. This is done to limit the amount of oil "robbed" from that main bearing (and the 2 rods it feeds).
The problem with this method of oiling is it sends a very limited amount of oil to the heads. If your heads are oiled through through the factory valley drillings, I suggest you do this...
Drill a 1/8" hole to intersect the valley drilling to the main galley drilling. This will feed the head with a nice plentiful supply of oil without risk to the bottom end. Then open up the hole to thread a 1/16"npt thread to plug the hole in the valley. Rotate the #4 cam bearing, drill a new hole in it to oil the cam journal only. Rotating the cam bearing blocks the drillings to the heads. This simple mod evens out the supply to the mains and rods, while improving valvetrain oiling.