I have the 150/5 with the new multi-stream pad and I have used both styles of paper. I cannot tell the difference between the two types. I would not worry about it and not even think of going to the troubleof punching out holes. In fact, I might buy more of the old style of sandpaper since it's on sale.
Same here. I have been using the new multi-jetstream pad now for over half a year and I see
zero difference with the older pad and paper. The older paper is not on sale here but I don't care one iota which one of the two I buy. Most dealers here still have their stock of old paper and if that's what lies on the shelves when I get there, that's what I take home. There is no noticeable difference despite what Festool's marketing department says. So don't worry about it.
I also did what Bill Barker said above, some time ago, I stacked 10 pieces of paper on top of each other, put one multi-jet paper on top and drilled through the stack to make the extra holes. It works fine, in fact, in my opinion, better than a hole puncher. The hole puncher doesn't cut material away, it just pushes it aside. With a good drill bit, you get clean holes. But there's just no point to it. I understand that if you have no experience with the new paper that you think (as I did, it is only logical after hearing the sales pitch) there might be a noticeable improvement, but there really isn't.