I just tried thwacking my nose with about as much force as I could reasonably describe as a "slight shove" in that situation. It wasn't terribly pleasant, but it wasn't very painful and did no damage.
I cordially doubt that the younger prof was in danger of anything very bad. Assuming that the rest of the story is true, I suspect that Feynman was either being (commendably) over-cautious or showing off. Perhaps both.
(There's a more unpleasant failure mode for this demonstration: If you move your head forward after releasing the ball, then it'll hit your nose earlier, when it's lower down, which if the ball is very heavy can mean quite a considerable amount of extra energy.)