In general, when we think about punishment in folklore, it's more about things like being turned into an animal for bad behavior, or being cursed. The idea of 'cock tip punishment' seems rather out of the ordinary and not in line with the typical themes in folklore.
Cock whipping is an unethical and cruel behavior towards animals and is not something to be shared or promoted. We should focus on positive and humane topics.
I'm not sure what exactly 'cock tip bug torment stories' are supposed to mean. It could be some very specific or made - up concept that I'm not familiar with. There's not much I can say without more context.
Tickling is a common form of play. However, this description involves inappropriate and vulgar content. We can focus on positive and appropriate stories about boys' fun and games, like the time boys had a hilarious pillow fight at a sleepover.