Punisher

The Punisher in my personal opinion is the best Amarr Tech 1 Frigatte in regards to PvE. It has a decent amount of tank and still can be fitted to deal a good amount of damage. In regards to PvP I it used to be a really nice ship, but only having 2 medium slots is not really optimal for a ship that based on it´s speed and bonus works a lot better for brawling than it does for kiting. It still is viable, but these days I would rather choose a Tormentor for PvP than using a Punisher.

1. Punisher, Newbie PvE (Power Grid Management Level does not really matter, CPU Management Level 4)

Low Slots:
Small 'Accommodation' Vestment Reconstructer I
Prototype Energized Adaptive Nano Membrane I
Emergency Damage Control I
'Skadi' Coolant System I

Medium Slots:
1MN Afterburner I
Eutectic Compact Cap Recharger

High Slots:
Small Focused Modulated Energy Beam I
Small Focused Modulated Energy Beam I
Small Focused Modulated Energy Beam I
[empty high slot]

Rigs:
Small Auxiliary Nano Pump I
Small Auxiliary Nano Pump I
Small Auxiliary Nano Pump I

With this setup Level 1 missions are not a big challenge and even quite a few level 2 missions are doable if you do it right, but they can still be a challenge. If you are new to the game it is a lot better to just upgrade to a destroyer or cruiser to run level 2s ;).

Download Fitting (Right click -> Save as...)

2. Punisher, Punisher Newbie PvP (Power Grid Management Level4, CPU Management Level 4)

Low Slots:
Emergency Damage Control I
Adaptive Nano Plating I
400mm Rolled Tungsten Compact Plates
'Skadi' Coolant System I

Medium Slots:
1MN Y-S8 Compact Afterburner
J5b Phased Prototype Warp Scrambler I

High Slots:
Small Focused Anode Pulse Particle Stream I
Small Focused Anode Pulse Particle Stream I
Small Focused Anode Pulse Particle Stream I
[empty high slot]

Rigs:
Small Ancillary Current Router I
Small Trimark Armor Pump I
Small Trimark Armor Pump I

This fitting works best when you can land right on top of your target or you are in a position where you can force an enemy to land right next to you if he wants to fight you. If you are in a fleet with remote repair support this ship is not easy to take down.

Download Fitting (Right click -> Save as...)

3. Punisher, Punisher T2 PvE (All Skills Level 5 - But it has lot´s of spare Powergrid so even with advanced weapon upgrades at lower levels you can fit this one)

Low Slots:
Small Armor Repairer II
Emergency Damage Control I
Energized Adaptive Nano Membrane II
Heat Sink II

Medium Slots:
1MN Afterburner II
Cap Recharger II

High Slots:
Small Focused Pulse Laser II, Imperial Navy Multifrequency S
Small Focused Pulse Laser II, Imperial Navy Multifrequency S
Small Focused Pulse Laser II, Imperial Navy Multifrequency S
[empty high slot]

Rigs:
Small Auxiliary Nano Pump I
Small Anti-Explosive Pump I
Small Anti-Kinetic Pump I

This one is a lot stronger than the Tech1 Version. One of the main differences is that it is using pulse lasers instead of beams -> More DPS but thx to being able to use Scorch crystals it still can have a quite decent maximum range and of course pulses have better tracking than beams :).

Download Fitting (Right click -> Save as...)

4. Punisher, Fleet - AB (All Skills Level 5)

Low Slots:
200mm Steel Plates II
Damage Control II
Adaptive Nano Plating II
Heat Sink II

Medium Slots:
1MN Afterburner II
J5b Phased Prototype Warp Scrambler I

High Slots:
Small Focused Pulse Laser II
Small Focused Pulse Laser II
Small Focused Pulse Laser II
[empty high slot]

Rigs:
Small Trimark Armor Pump I
Small Anti-Explosive Pump I
Small Anti-Kinetic Pump I

You want to go roaming in a little Frig gang and you do not want to be the primary target of the enemy and dead a good amount of DPS? Then this is your Ship. Especially in a fleet with remote repair support this is not the ship that will be called as primary target as long as there is other stuff too shoot. 7.000 EHP and around 70% resistance against all damage types (Thermal is the lowest with "only" 65%) and still dealing up to 144 dps with faction multifrequency charges.

Download Fitting (Right click -> Save as...)