For years plumbers and electricians have drilled hole/nicks in joist to get pipes through etc, Are we saying that the engineering is so under engineered (calculated so fine) that a small nick will make a difference? is it not calculated to take weight for storage etc? There is already a 60+ gal water tank up there, which is nearly half a ton. When I had my Stira loft ladder fitted 8 yr ago they cut out an entire section of joist and braced it across. The stud wall underneath is also bracing the joist.
On a point of insulation, I agree with bmacintyre you must increase ventilation, but there must be no entry point for air from the house below, otherwise the warm air from the house will carry moisture to the attic, and that is what condenses.