Wayne, in this pic you can barely make out the small metric 'o' ring between the die and the ram. I also used a flat rubber washer between the lock nut on the punch holder and the press. Also, note the shoulder bolt and bronze thrust washers and self locking nut rather than the c-clip cross pin...nice upgrade for these presses. Liberal amounts of moly lube (ARP fastener lube works great), also.
Hope this helps. -Al