A punch head assembly that includes a punch head including a main body having opposite first and second ends, a longitudinal inner bore, a first passageway extending substantially radially from the inner bore, and a second passageway substantially traversing the first passageway. A ball bearing is received in the first passageway. A pin member is received in the second passageway. The pin member is rotationally movable between first and second positions. A driver is coupled to the punch head and includes a stem extending into the inner bore. The stem has an outer ball engagement surface. The punch head is axially movable with respect to the stem. Axial movement of the pin member in the second passageway moves the ball bearing into and out of engagement with the outer ball engagement surface for adjusting an axial position of the punch head with respect to the driver.

A punch head assembly that includes a punch head including a main body having opposite first and second ends, a longitudinal inner bore, a first passageway extending substantially radially from the inner bore, and a second passageway substantially traversing the first passageway. A ball bearing is received in the first passageway. A pin member is received in the second passageway. The pin member is rotationally movable between first and second positions. A driver is coupled to the punch head and includes a stem extending into the inner bore. The stem has an outer ball engagement surface. The punch head is axially movable with respect to the stem. Axial movement of the pin member in the second passageway moves the ball bearing into and out of engagement with the outer ball engagement surface for adjusting an axial position of the punch head with respect to the driver.

A punch tool assembly includes an adjustment subassembly coupled to a canister sidewall of the assembly. The adjustment subassembly includes a punch head, which engages a punch holder, or body, of the punch tool, at a threaded interface, so that rotation of the punch head moves the punch body/holder along a central longitudinal axis of the punch tool assembly. The adjustment subassembly further includes a locking member, which is biased with respect to the punch head, in a first position, where the locking member is engaged with a locking feature of an engagement sidewall of the subassembly, to lock the punch head and prevent rotation thereof. The locking member may be released, to unlock the punch head, by applying a force to an externally accessible actuation interface of a release member of the subassembly, for example, to rotate the actuation interface about the central longitudinal axis.