I recently drilled a Punch Out (Pin above ring) to fit between my Optimus (Pin under ring) and Breeze Hybrid (Pin above ring). Well once the lanes start to break down and my Optimus is too much, my Punch Out is not a step down from my Optimus by any means. So I still have a big gap before getting to my Breeze Hybrid. Would a weaker drill on another Punch Out change the reaction that much or should I just look at getting an Uproar or Scream?

Uproar is still pretty strong, and the Scream and Shout are going to be really close to your Breeze.  I think you've identified a really huge gap in ball reaction across the market right now.  The low-mid end stuff really still hooks quite a bit.  I think the covers are all too strong. 

This is the problem I've had. The covers on the low end equipment are too strong and something like the Breeze is just too weak for what I'm looking for. I've been looking at older equipment on eBay to try and find what I need

Pin below the middle WipeOut with a coat of polish.

i think if you put a weaker drilling on the punch out you will be alright. a big reason your punch is reacting as strong as your optimus is becuase it exploits all the friction at the end of the pattern. i think if you move the pin to 5 1/2" and put it down you will decrease the flare and slow down the response to friction.

Last night I was bowling in one of my leagues at a house that seems to put out a little less oil then the other houses that I bowl at. As the lanes broke down, I moved left and continued to hit the pocket.  The Punch Out seemed to be loosing some energy up front and rolling out, leaving 7s, 10s, and pocket splits. I switched to my Breeze moved 10 boards right, back to 20 and slowed my ball speed down so that it would make the corner. It rolled decent, but I feel like a ball between the Punch Out and Breeze would give me a better look.

After reading what your issues are, I would recommend a 2014 Shout drilled 4x4. The Shouts are stronger than the breezes, over double the diff, and the polished solid cover should keep the angles down. Plus they are relatively inexpensive.

So should I use the same layout that I have on the Punch Out (pin above ring)? Also with the Shout being a polished solid, would it still get down the lane further than the Punch Out and have enough energy to finish at the pocket?

It has less motor than the Punch, and the shiny cover will yield easy length. You should be able to play a little more right with it compared to the Punch. And the Shout is more controllable off the back of the pattern. I believe Billdozer has had some success with a 2012? Shout. I have the 2013 polished like the 2014. And it is my go to ball on drier ths.

4x4 would be way too strong of layout for a Shout IMHO. The Shout is very heavy rolling due to the core. I'd look at something that has a tall core such as a Motiv Ascend or a Stike King.