Specifically what holes? The only holes that I can envisage, are those imposed to circumvent the process such as too many exemptions.
Without a heap of thought.
*So if you are talking points for rep players the are all internationals the same? Is Lehi valued at the same as Turbo? Are Origin players the same? Is Munster the same as Capewell?
*If rep selection plays into it would players being incentivised to rule themselves out of Rep selection (ala Jamie Lyon) to keep their points value low.
*Are points tabulated year on year? If a gun misses the first 8 rounds of the season and therefore misses Origin but is usually an Origin player does he reduce value or maintain.
*Measures like Rep Selection or Dally M for example are selected by individuals, to we risk curruption on who gets selected to teams are who receives Dally M points to manipulate points values.
*Do positions effect values? Spines more than centres eg? Do you name Cleary in the centres if so despite his role on the field?
These are all hypotheticals and thrown out quickly but I see holes.
That said, if you somehow got sone amazing algorithm that perfect allocated each player the universally aggreed value across the game the biggest inssue is the interplay between points and a players financial renumeration.
Say, free reign clubs can pay what they like. Lehi, Galvin and Blaize Talaigi come into grade this year and look great but their points vale remains low. All 7 clubs want them at their low points, they are a bargain, but only the richest can afford them. Politis pays each 1mil a season on 3 year deals.
Next season all three explode and become internationals. They no longer fit in the points cap for the Roosters. What happens then?
They have contracts.
*Do the Roosters have to pay them but have them out of ther squad? Do they then go of too Union or Superleague.
*If other clubs only offer 600k who makes up the difference.
*Are players only allowed 1 year deals? That will never happen.
*If a players point allocation makes him a less attractive proposition. What stops clubs offering them 50k, when they could get 400 plus in Super league.
Also a points system gaurrentees the top handful of players in the game will only ever play at the handful of richest clubs. If Cleary is worth 20 points to all teams But the Roosters can pay 5mil a year and Manly 1mil, we never ever have a shot at the top player. Likewise the best rookies who are yet to play grade and on rookie "points" only play for the richest clubs who can throw big dollars at them.
Now all if this is pretty incoherant and scrambled as I've typed it between meetings, in a rush, without much thought but all I see is problems with a points concept.