@JustinCave - The "when value_error" replacement for "when others" is a nice refinement to your approach above. This slight additional tweak, while conceptually the same, removes the requirement for the definition of and consequent memory allocation to your l_num variable:
function validNumber(vSomeValue IN varchar2)
return varchar2 DETERMINISTIC PARALLEL_ENABLE
is
begin
return case when abs(vSomeValue) >= 0 then 'T' end;
exception
when value_error then
return 'F';
end;
Just a note also to anyone preferring to emulate Oracle number format logic using the "riskier" REGEXP approach, please don't forget to consider NLS_NUMERIC_CHARACTERS and NLS_TERRITORY.