Hi Vince, For your use the $150 Porter Cable would be good choice. Filling tires, blowing parts off, Smaller air grinders etc. For using larger air guns, they suck the air. You need a good 2 HP & even then barely adequate & I mean just barely. To make good power in air guns you need about 150#. I know they are not rated like, I'm just telling real life. I have 2HP Craftsman. 90#. It takes out sludge trap bolts etc fine. You get a tighter flywheel, axle or wheel bearing nut 90# won't even budge it. 150# will work gun, but spin it off. So don't expect little compressor to do much air gun work. I rotate my tires, tank runs out in one wheel.
Space is a big deal for most garages. The big tanks with big motors take a lot of space. So they often go vertical. My sons compressor is big power big tank, runs on 220 only. Still not powerful enough. I will run 1/2 drive air gun fine, but just barely to rotate 4 wheels non stop. Can run 2 guns, but then runs out of power.
Could I live without my compressor. No not really. There are so many things you need to blow out & clean. Sure you can pump up tires with a hand pump. I did that for years. But you must have compressed air to clean carbs properly, or blow out crank, tappet feed passages etc.
You'd never regret getting a compressor. With a good drier you can do spray paint jobs also. Depending on gun. How much room you have to store compressor is important. The Porter Cable shown could be mounted up on high shelf out of the way. You must be able to reach tank drain as they get much condensation. Even our dry air in summer will add a cup of water to tank in no time. My horizontal tank Craftsman takes up way too much space. I've had it for 35 years. Duel stage pump. Price is $1000 now. You don't need this much. Still going strong. I have to change oil occasionally. Oil free is good idea.
They make "hot dog" compressors the roofers & such use. Very high capacity in small package. About $500. I don't think you need that.
So again the smaller ones are a good starting point. Good used can be found on Facebook market place occasionally. Thing is... they do wear out. Especially if roofers or such use them. Basically running constantly. So new can be better value for our home use. Will last for years.
Don