3 ways to turn off THC
If you have path rules for thc off (small holes)
Use a code snippet
Put in a THC delay of 5 seconds
Z axis is set to AUTO-ZERO. But the pierce height and initial cut height are dependent on the switch offset. On proton Z's there is no switch offset and no switch. On older models about .055 or 1.5mm works fine and depending on the model of machine you have it may be in mach 3 under settings or in sheetcam under options/machine/post processor/set custom post options.
But all that being said you cannot get a 1/4 hole in 1/4 to be perfectly round.....why? Because plasma will have a trailing edge and with a small radius there is a basic rule of 1.5 time thickness is the smallest good hole. So one more thing comes into play. In the latest sheetcam there is an option for overcut. Overcut will travel a set distance you set past the end of the geometry so in a hole keep going around the circle up to halfway (rarely do you need it past .125). This gives you a hole with no noticeable lead in or lead out.
Here is an example
