The percusuion adjustment tool could be made to work if you struck a solid shaft within a hollow shaft with Die attached so not movement occured. Bit like a fly press but with out the screw.? . . .But why would you when fly press is ideal tool made for the job at £250 and would last for ever.
Even if you DIY the materials alone due to the strength required would be getting up that way.? . . Go for the flypress is my suggestion.

Think the cheap Arbour press would die quickly in a production enviroment but could be worth a shot at £35.!! But like say it don't take long to reach £250 and waste money when things don't work has expected and the fly press will always be worth £250. . Go for the flypress is my suggestion.