At 400+ SPM you start running into press frame dynamics that don't matter at normal speeds. The frame deflection per stroke is the same but the rate of deflection change is much higher, which means the die sees dynamic loads on top of the static forming load. On our 200T running coin blanks at 450 SPM, we measured 15-20% higher peak force than the same operation at 200 SPM. Make sure your tonnage budget accounts for that.
The other high-speed issue: lubrication. At 400 SPM the strip is moving fast enough that conventional roller-applied lube doesn't coat evenly. We switched to spray application with a mist system and it made a noticeable difference in burr consistency. The lube also needs to be lighter viscosity than what you'd use at normal speeds — we went from a 40cSt stamping oil to a 15cSt.
On die clearance — we run 3% for copper alloys and 4% for nickel-silver. Tighter than that and the punch wear accelerates dramatically at high speed because of the heat buildup. We sharpen every 200K strokes which sounds aggressive but the blanks stay within spec the whole run.