i'm not saying it wasn't the punch, but that's pretty much what i use on coronas; figurados get cut with the xikar blades. i've never had a problem like this, and in fact i prefer punched cigars to cut.
that said, hot-boxing or smoking a cigar too fast isn't a problem for me. i've been at a happy medium (not too slow; not too fast) for a good while now -- though i've still been smoking cigars for less than a year, for what that's worth.
interesting, though, and i hope i never do encounter "cigar clap!" 😛