I have the standard 33 gallon Craftsman oiless compressor. It is now 15+ years old. I have used it all the time to run air tools, paint, sandblast, etc. I have rebuilt it twice with new rings and cylinder sleeve when it became slow to pump up. Parts from Sears were about $15 to rebuild the last time I bought them. The other failure mode could be the rod bearing, which appears to be a $5 sealed ball bearing. Mine hasn't failed yet.
So $15 in repairs every 5 years. They are not junk, but they are loud. Mine sits in other room and the air is plumbed through the wall. Another advantage is you don't have to run an oil filter to paint with them and they don't have any issues in the cold weather.
I am planning on upgrading to a 5 HP, 80 gallon 2 stage this winter. So my Craftsman will be only used as a portable compressor after that.
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
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