>1. Can Oracle load balance TCP requests that arrive on one port over mulitple listeners .
NO.
2. Is there an advantage in using the "load balance" option with a listener,
NO.
The Oracle listener ONLY is involved in establishing a NEW connection into the database. After the client connects to the database, the listener is out of the picture for the duration of that client session.
You are trying to solve a problem that only exists between your ears.