It finally happened...I've had this craftsman professional 7 hp/60 gal compressor since 2005 and it finally died on me. Wouldn't build up past 90 PSI and was spitting oil all over the place. I was cutting some metal and took a piss break. When I came back out to the garage, I was IMC...walking through a thick cloud of oily smoke. 
There was a bit of a knock, like a rod was loose on the crank. Sure enough, here's what I see when I tear into it.
Sides of the cylinders/pistons are scored a bit.
Head gasket was trashed and there was A LOT of gunk.
I'm guessing one doesn't rebuild these. Now the decision is to just buy a new pump or a whole new air compressor. I was thinking about replacing the just the pump. The tank and the electric motor seem to be in fairly good shape. And I was wondering what I was going to spend my tax return on.

There was a bit of a knock, like a rod was loose on the crank. Sure enough, here's what I see when I tear into it.
Sides of the cylinders/pistons are scored a bit.
Head gasket was trashed and there was A LOT of gunk.
I'm guessing one doesn't rebuild these. Now the decision is to just buy a new pump or a whole new air compressor. I was thinking about replacing the just the pump. The tank and the electric motor seem to be in fairly good shape. And I was wondering what I was going to spend my tax return on.
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