I think the engraving tools of colonial America were just what the smith could make himself. So, that being said, gravers, hammers, and maybe a pitch bowl, probably were the extent of their tools. I do believe, that if as some say, the furniture on most long rifles got engraved in place on the rifle, you would see more signs of slips, and mistakes, than we do as students of the craft, and collectors.
I believe that any specialized engraving equipment, like an engravers ball, would have been found in a jeweler's, or silversmiths shop, rather than a gun shop. Many makers of early guns use the barest of embellishment on their product, and often show little knowledge of formal engraving techniques. There of course are some glaring exceptions, but who's to say that these guns weren't engraved by a professional metalworker for the smith.
Hungry Horse