Since you got the hydraulic power pack and cylinder (which is alone worth the $250) build up a system and try it out. If it is not "fast enough" get a two stage pump and a fast motor. Just design the press frame heavy enough to withstand where you want to end up. I've been using a 25 ton/two stage(16 gpm/4gpm)/3600 rpm/5 hp electric motor for 15+years and it is great. But it's not hammer. But it does a lot you can't do w/ a 50 lb little giant. For making flat dies, you just need to decrease the contact area, ie. tilt the workpiece to contact the corners only or use a smaller surface area like a fuller first, then the flat dies to "flatten", kinda like a hand hammer on large stock. The press is great down to 1/4" thickness then the hammer/powerhammer/treadle hammer takes over, especially for drawing out. It can be done with press but you need some large diameter drawing dies for best results. If the dies are too small it takes aggressive bites and makes cleanup difficult--this is where slow speed is good.....try the pump you have and learn
Bill