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Joe D.Leon - I hate to correct you, but there are 4 holes in the Matty Orange Borders 
yet, it is still the best example I have ever seen (its the only one I have ever seen).
As far as collecting commons rather than HOFers in an uncommon set... I basically would take any one I could get my hands on if I liked the set - but would be happier to get the HOFer than the common (even if the common was more scarce).
At the end of the day these cards are meant to be enjoyed, and I get to look at a Matty Orange Border and not a Skippy Noname Orange Border.