This turret punch is set up to make holes, not slugs. The way I work is to lay out the hole centers and then center punch them. I installed punches that have center points. I use the center points to find the center punches and then punch the holes right where I wanted them. This does produce slugs but they are deformed somewhat by the center points. You can flatten them with a hammer but they don't look pretty.
I like punching holes because it's so much faster than drilling them. I already had several kinds of punches but all of them only mount one punch/die set at a time, making switching between sizes cumbersome. The big advantage of a turret punch is that you can simply rotate the platens and punch a different size.
metalmagpie