It may be more practical to use a non-conductive template. While the torch does cut only what is directly under the arc (flame), it is possible that after the piece you are cutting out is separated that the plasma arc will "ground" through the template to the workpiece. This condition can radically shroten the life of your electrode unless you are using a tip "stand-off". For short runs like your 16 holes, we make templates from quarter or half inch plywood. It is cheap and is expendable after short runs.
When we cut holes, we also use a template that is larger than the desire hole. The stand-off we use on our Miller Spectrum 625 has about a half inch between the cutting arc and the edge of the stand-off. Therefore, we would use a template that has a one inch larger diameter than the hole we want to cut. The plasma cutter would then ride inside the hole template. When the cut is finished, the hole waste falls out. If you use an inside template on a hole, as you cut you will have to move the clamp holding the template in order to cut under the clamp. You will then be holding the template on a hot, fresh cut edge and when the waste falls out, so does your template. This is why we like the outside template for the hole cutting job.