360 Engine cranks but won't start

How bad would it be if I just bumped the engine with the TDC tool in it?
If it is a hard stop, the results could be simply a dent in the piston crown, or as bad as a cracked pistons, bent rod, etc. All depends on how deep the stop was set when this happened and how fast the engine was moving. Unless I knew 100% that it was set very shallow, then I would be thinking " Crap, time to pull the head and check the piston top and the compression height."