First of all, massive thanks to the in-depth P.U.N.K guide by Reijus over at masterduelmeta
I'm fairly sure this deck can still play like a normal P.U.N.K deck, just without the traps
The main combo goes as follows:
Summon Noh-P.U.N.K. Ze Amin/ activate Emergency Teleport, search Noh-P.U.N.K. Foxy Tune
Foxy Tune's effect, discard 1, summon Ukiyoe-P.U.N.K. Sharakusai
Sharakusai's effect, summon Ukiyoe-P.U.N.K. Rising Carp
Carp's effect, summon Gagaku-P.U.N.K. Wa Gon and Noh-P.U.N.K. Deer Note
Wa Gon's effect, search P.U.N.K. JAM Extreme Session and activate
Synchro P.U.N.K. JAM Dragon Drive, CL1 Drive search Psychic Tracker, CL2 Deer Note, summon back any of the lv3 P.U.N.K, though I recommend Sharakusai in case you get stuck and need the quick synchro
On new chain Session draw 1
Summon Tracker, synchro Immortal Dragon
Send Ghost Sleeper, the Underworld Princess, search Ghost Fusion
Activate Ghost Fusion, summon Garura, Wings of Resonant Life using Immortal Dragon and Changshi the Spiridao
Changshi banish Immortal Dragon to summon back, sending Plaguespreader Zombie
Xyz Beatrice, Lady of the Eternal, detach Garura to send Destiny HERO - Malicious
On new chain Garura draw 1
Malicious's effect summon another copy of itself
Plaguespreader's effect place 1 on Deck to summon itself back
Summon Nemeses Flag by shuffling back a Malicious, activate to search Nemeses Corridor
Synchro Cupid Pitch, increasing its level to 6
Synchro Crimson Dragon
Cupid Pitch's effect to search Creation Resonator, then on a different chain activate Crimson Dragon, targeting Dragon Drive, summoning Crystal Wing Synchro Dragon (pls remember to do this since if you chain Crimson Dragon to her her effect would blank)
Summon Creation Resonator
Malicious's effect for another Malicious
Malicious and Dragon Drive into I:P Masquerena
Summon Nemeses Corridor by shuffling back Malicious, tribute for Thunder Dragon Colossus
Malicious's effect for another Malicious
Summon Virtual World Kyubi - Shenshen
Malicious's effect for another Malicious
Now you have a negate, 2 floodgates on legs, and your choice of Unicorn/Apollousa
If you have any of the 3 in your hand: malicious or the 2 traps, you can incorporate the Transaction Rollback + Mayakashi summon lock into the combo above, through discarding from foxy tune at the start of the combo, or Knightmare Unicorn during the opponent's turn
If you noticed this combo is dependent on having Nemeses Flag in hand, so I have tried my best to make that happen. Though if you have access to Ze Amin bad hands are a lot more manageable, due to the discard from Foxy Tune and the put back to deck from Plaguespreader. The only prominent brick I noticed from testing is Underworld Princess if you have 2? other soft-garnets in hand, or especially if you draw into it from Extreme Session, because Immortal Dragon comes early in the combo and you don't yet have access to Plaguespreader.
Regarding bad hands, if you can still get to Dragon Drive and Beatrice and don't have Nemeses Flag, you can send the 2 traps for the summon lock instead, and then summon I:P with Drive and Plaguespreader for Unicorn next turn. Then on turn 3 you can banish Ghost Meets Girl - A Masterful Mayakashi Shiranui Saga to get Plaguespreader back, which allows you to do the combo as normal or otk if you happen to find Flag. If you can't get to that board and end up with a bunch of P.U.N.K.s, make PEP and pray.
Regarding consistency tools aside from Bonfire and E-Tele, I added Extreme Session for that extra draw to find Flag/handtraps and for recovering on Turn 3, but it does run the risk of drawing Underworld Princess specifically and other garnets as mentioned above.
I felt Upstart was the best draw spell here, considering the conditions of P.U.N.K. and PEP in particular
I'm pretty sure this deck dies to all manners of handtraps but hey I used to be a Zombie player so too familiar with ending turn when my uni get ashed. Please still give suggestions though because I want to see how much I can optimize this
I copied the sidedeck from MBT so make your own adjustments