James, I agree they would be better than bottle caps in a TT application, but bottle caps are better in a submerged nitrification application because you can make a moving bed. Bottle caps do not have the surface area of Kaldnes, but they will move with less aeration energy because they catch air and force their way to the surface - pushing everything else aside. Punching holes might defeat that. I also thought you had the larger size bio-barrel (1.5 inch diameter).
For a TT arrangement, my poor-man's preference is still coral rubble. It provides lots of surface, micro-niches, buffering, and yellow cosmic rays. A little heavier than plastic, but that is not really a concern in a TT.
-s t e v