I've had quite a few different compressors over many years at home and shops. My first full paint job (Lacquer ha ha) was done with a 3/4 horse 3? gal. Railroad Salvage special. If I could do it all over I'd have bought a big compressor as a young man instead of my first car and replaced it whenever it wore out. The time saved and aggravation would have been well worth it over the past 40 years.
Currently have four. An oil less 5 HP 25 gal. Craftsman portable, 5 HP twin 60 gal., 7.5 HP 80 gal. Matco branded Ingersol, and an 8 HP 80 gal. Snap on. The IR and Snap On are both 2013 models. The 60 gal I'm giving away to a friend.
I like the 7.5 Matco branded IR better than the 8 HP Snap on because it's quieter and seems to recover quicker than the Snap On. I added a 60 gal reserve tank away from the compressor to provide more reserve volume which keeps pressure more constant for painting. The reserve tank also acts as a cool down tank to reduce moisture for paint work. There are other benifits to adding a reserve tank and of course water traps/filters are also used.
If you use the right angle HF grinders a lot, buy the extended warranty. The head loosens up and no amount of adjusting/locktite etc. seems to cure the issue. Be aware that HF records the code for each tool so if you buy a new one and try to return an old one later you probably won't get away with it. I keep several with 2" & 3" rolocs etc. on so I don't have to keep switching arbors. When one dies I have to get the right paperwork for that tool. I'm on 3rd replacement of some of them. They give a new extended along with the tool each time so far.
Everyone should have a right angle air drill, buy one along with short drill bits, you be glad.