The original front hatch of the Joubert Currawong 30's (and Brolga's I think) were designed similar these proposals. Almost all have been replaced. Some have been replaced with the type you currently have.
There are two problems with the proposed design :
The first is that in heavy seas the water in the drains will back wash or over flow up through the gasket when the boat rolls. The drains will only work when the boat is level.
The second is that capillary action will suck the water through the top gasket gap and drip over the lip.
For it to work the tolerances need to be extremely tight to ensure that no more water gets in than is drained. The drain needs to be very big and gaskets need to seal very tightly.
I have completely rebuilt mine and almost got it right, but it still takes on a little water when beating into a hard chop. I am sure they worked when they left the factory in the 70's, but not for long.
Here is a photo of my front hatch with one of the gaskets that I was experimenting with.
I don't recommend this design, keeping the water out should be a higher priority than removing a trip hazard.
A