Great question. I don't believe there are standards from a crafting/manufacturing lens. From personal experience, I've found that the capillary action and/or surface tension of the water slightly impedes drainage when flowing through smaller drainage holes. I've noticed some impact to the flow of fluid draining when it nears empty. I believe what happens is: more resistance is provided by surface tension with a smaller hole (1/4" vs 1/2" for example) and therefore, more force (pressure from the water table) is required to move the fluid through the drainage hole.
This is not proven, I am not qualified to answer, and is simply casual observation from drilling out drainage holes in things like thrifted bowls/plates to use as pots. I have a 1/4" drill bit that I find drains slower than larger drainage holes. More holes of that smaller size don't seem to make an impact as the effect seems to be tied to the hole size itself.
Through typing this I'm reminded of the grade-school science experiment where we used a pipette to drop water onto a coin until the surface tension broke. Fun times!
EDIT: This is also a great time to discuss the 'perched water table' or 'water column' - I feel like there's a thread that I've found somewhere that details in a digestible manner. Hopefully I can find it.
EDIT2: This gets thrown around a bit, but I think it's touching on the same concept -
https://www.bonsainut.com/threads/introductory-soil-physics.25258/post-688607
EDIT3: A thread that may be tangentially related and very worth reading as it hits a couple key bits without going into a deep dive -
https://www.bonsainut.com/threads/water-column-on-super-thin-pots.63657/