I think that having DISTCC_HOSTS='serverips' in the config file is pointless. They should be exported as env. variables, see the distcc manual:
Put the names of the servers in your environment:
$ export DISTCC_HOSTS='localhost red green blue'
Moreover, I don't understand what "daemon IP" is supposed to be (Change daemonip to the IP of the daemon...). Does it have something to do with the inetd? I don't use inetd, so I don't know...