Smith, who hit three of five in last year's decider, finished with a modest 63 per cent. Holmes has a career strike rate of 72 per cent, ahead of other potential game-one kickers Ben Hunt (69 per cent) and Cameron Munster (65 per cent).
Holmes had set his sights on taking the kicking tee for the Sharks this year but lost out to Townsend after arriving to pre-season late due to World Cup commitments.
Queensland coach Kevin Walters conceded he was worried about his team's goalkicking this year.
"I am concerned, to some degree. But Valentine Holmes has kicked, Cameron Munster has kicked for the Storm this year and Ben Hunt has kicked as well."
Origin squad
Queensland: Billy Slater, Valentine Holmes, Greg Inglis (c), Will Chambers, Dane Gagai, Cameron Munster, Ben Hunt, Dylan Napa, Andrew McCullough, Jarrod Wallace, Gavin Cooper, Felise Kaufusi, Josh McGuire. Reserves: Michael Morgan, Josh Papalii, Coen Hess, Jai Arrow.