One aspect I find necessary for a through peg hole is that the draw bored peg can be easily knocked to its correct fit, otherwise the peg could be loose and the joint not fully seated in initial fitting. There are frames with some joints with no pegs at all, so a peg, only through one side of the timber and the tenon would be the middle ground. Draw boring rules.
Btw, that was Brad's ringing words.
Interesting Ken, your thoughts on the half lapped joints in comparison to a fully contained joint have me wondering how they work and can they be equally compared.
Tim