If I think back to the 70s, we had those holes with covers, we just used to put oil in, never had any problems...mind I suspect it must dribble out so not a great solution if your bikes kept In the house. I still remember how freely wheels would spin with oil in the bearings.
It never occurred to us to put grease in...does the grease have to be quite runny to get out to the bearings or does centrifugal force force the grease out to the bearings perhaps.?