Yes, all of the holes I'm considering are in the back wall of the tank, not the bottom.
I'm also thinking that all the holes will be at least 1/2 way up from the bottom, so worst case scenario, when Murphy hits, I'd only lose 1/2 the water onto my floor, not all of it. And if I had to replace a bulkhead, I'd have to empty 1/2 the tank, not all of it.