Yeah, that type of H frame press doesn't lend itself very well to hole punching. Keeping the punch and die in perfect alignment is really important. A lever type press like an Ironworker makes that much easier. I look forward to seeing your lever attachment setup. How do you plan to do the stripping action since this is a one way ram?
Another very nice thing about air over hydraulic, is that you can reach minimum safe distance and or put something solid between you and it, before actuating it for some of the scary things.
Frankenpress.
Long arc, short arc, heliarc and in-the-dark!