My own Purdey also has a vent hole in the platinum plug. Looking at old patents, the little hole was to provide the circulation of air to enhance the volume and temperature of the cap burst; channel and direct excess gas to prevent blow back through the peg and thus the cock, and relieve back pressure of powder gases upon firing.
Someone thought that little vent was important and served multiple purposes. The nearest modern rendition in America is the hot shot tour nipple that is vented.