Ya know I had a similar question when building a sparge arm for my MT cooler. I wanted to be sure the holes I was planning on drilling in the CPVC would be enough to not restrict the flow. In my case I had 2 pieces of 1/2" pipe... so 1 inch diameter total. So in my simplistic way of thinking... just for your example... if I wanted to drill 3/16 inch holes that would equal the same 1 inch diameter I would divide 3 by 16 = .1875
How many holes would I need to drill to equal the same 1 inch diameter? Just divide 1 by .1875 = 5.33 holes.
You could drop down to a 1/8 inch hole or even a 1/16 inch hole and drill away! The more holes the better because you won't even come close to creating a restriction ( ;
HTH