Edit: And no, it isn't. SoBlood with current lvl 60 one-handers is already more holy dps (and frontloaded, to boot) than the lvl 70 version of SoVeng. Even assuming the latter procs every hit.
I'm completely dumbfounded as to how you can possibly claim this. Naxx one-handers do 65.4 dps, so ~20 dps more with SoB. SoV, without judging it, is going to do 400/12, which is 33.3 (repeating, of course) dps. So with current 1h weapons SoV is more damage without cutting yourself.