Embodiments of a reciprocating tool, used to engage and clear obstructions in a wellbore, have a biasing spring located externally about an axially reciprocating and rotatable sleeve to act between the rotatable sleeve and the non-rotatable mandrel to bias the rotatable sleeve to an extended position. During a drill out operation, a non-rotatable sleeve, connected to the mandrel for telescoping over the mandrel and the rotatable sleeve during a downstroke of the mandrel, guides a drill string for drill-out of at least the mandrel and other internal components. Positioning the biasing spring external to the rotating sleeve and downhole of the non-rotating sleeve prevents engaging the spring with the drill string. The rotating sleeve provides an internal guide for the drill out string to further avoid engagement with the spring.