We would also like to DryLok the walls. Will drilling holes help to address the weeping issue, and will DryLok cause any problems? Our basement is a bit musty smelling, but we never have any ...

So the water table is alreayd pretty high. The basement walls had weeping holes in them when we bought the place, and water would come shooting out of one of them whenever it rained a lot.

A water leak led me to remove drywall in my basement, and to my surprise, I discovered rows of holes 5/8-inch diameter in my concrete walls. Some of the holes have water dripping through them.

The basement cinder block ... I would recommend drilling weep holes in the block cavities closest to the floor. That way, any water that makes its way onto the walls from the exterior can drain ...

Broili is no wet-basement expert ... have been applied to the walls' exterior. You've no doubt seen the drainpipes -- 4- to 6-inch plastic pipes with a line of holes on one side.