If your old stone foundation has never had work done on it, likely tuckpointing will help. This would reduce channels for water ingress by deflecting much of the water away. Weep holes are an important safeguard for drainage in case of water build up and also for venting.
Whenever you are dealing with exterior walls, both drainage and venting (drying) are extremely important.
The other method could probably work but the work would have to done perfectly to pevent water ingress and would require regular inspections and maintenance. With this method you wouldn't even want any dampness.
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Bart Blainey, B.E.R.
Consultant/Journeyman Carpenter
Building Envelope Specialist
Master Renovator
provip@prodeck.org
http://www.prodeck.org
Barton Blainey (provip) specifically assumes no legal liability or responsibility for the accuracy, completeness or usefulness of any information or process disclosed. The above further expressly advises that any use of or reliance upon the information and or opinion disclosed is at your risk .
_________________________
Bart Blainey, B.E.R.
Consultant/Journeyman Carpenter
Building Envelope Specialist
Master Renovator
provip@prodeck.org
http://www.prodeck.orgBarton Blainey (provip) specifically assumes no legal liability or responsibility for the accuracy, completeness or usefulness of any information or process disclosed. The above further expressly advises that any use of or reliance upon the information and or opinion disclosed is at your risk .