Did you look at the link to the photo guide that NUTS4LC2 posted? It shows pics of your block and identifies it as an early 4.1L block ('80 is what is shown in the photos). In the early blocks they cast that area kinda thin and then just knocked out the oil drainback holes. For 86/87 that area was thicker and they drilled out the drainback holes instead. So what you've got is normal. Those early blocks do have some smaller oiling passages though if I remember right.
John
John