I work for the Phone Factory (Ma Bell)....we use Nitrogen to pressurize our underground cables...Most of the copper is insulated with Paper in underground applications...Nitrogen is used to keep it dry...Many Cable Splicers still carry bottles of Nitrogen on their trucks to power air chisels, wrenches, etc....and to buffer cables when they have to open them...
I've used nitrogen at 200psi to drive chisels, air tools, etc and never had to worry about filtering out water because it simply doesn't form...
Filtered compressed air (like that used in SCUBA) will cause some water to form whe it is released from pressure quickly....when it is used as breathing air, it is released at the adiabatic rate (same atmospheric pressure) under a lower pressure and does not necessarily produce water....
I would use Nitrogen...it's dry, inert, cheap, and non corrosive....
I also have 2 Aluminum 80 (industry standard) Scuba tanks I'd like to get rid of as I can't dive anymore (heart attacks sux)...
If you simply change out the valve, they are rated high enough to supply any onboard air application you would reasonably use...get a 250psi regulator, and yer good to go... /forums/images/graemlins/thumb.gif