From what I hear...the punisher is a nice step down from the smokin.
from my own experience...i used the punisher on a fresh shot, as long as the backends were clean (i have a lot of hand). Both balls were drilled with layout 2E (the SI had an x-hole slighly under my PAP).
The SI could handle anything from floods to bone dry with no problem. The punisher started to read early once the shot broke down. So I would move in, and that would work for a while. Once it started reading early along that line, I took out the smokin, moved about 5 boards left...and had no problems.
I had no problems getting my smokin to the breakpoint cleanly, whereas all of my other equipment was reading early.