This article assesses two Harmonic Balance Method-based numerical Lagrangian strategies for the characterization of the periodic response of a mechanical system subject to unilateral contact constraints. The model used for evaluation is an academic rod model facing an obstacle that is firstly considered as equivalent to a stiffness (flexible) and then as a rigid obstacle. Nonlinear frequency response curves are obtained through an arc-length continuation procedure and confronted to the corresponding time integration simulations. An in-depth comparative analysis is conducted on the time signals obtained through both frequency domain strategies: (1) linear complementarity problem (LCP-HBM) and (2) dynamic Lagrangian frequency time (DLFT-HBM). The unilateral contact conditions are thoroughly investigated in the time domain and compared with the reference time integration simulations. Particular attention is paid to the relation between both methods and it is shown that the DLFT-HBM is asymptotically equivalent to the LCP-HBM. This study also shows that the oversampling of time signals inside alternating frequency–time procedures generates non-physical high harmonics. Finally, a convergence analysis is conducted in order to assess the influence of the different numerical parameters on the respect of the unilateral contact laws.