Having a quick look at the Sparmax site (Sparmax make most, if not all Iwata compressors), the Silver Jet looks very much like the AC-27, with the 1/8hp motor replaced with a 1/10hp one & some minor cosmetic changes. It's a shame that Sparmax compressors don't seem to be more readily available on your side of the water, as they are superior to many other imports, but don't carry the premium of the Iwata name....
.... Hold on, Merriartist do a range of Sparmax compressors, including the AC-27 with 1/8hp motor for pretty much the same price as the Silver Jet sells for ($140ish). You just need to ask yourself if you could live with that lovely electric orange finish;
http://www.merriartist.com/Sparmax_Airbrush_Compressors_s/835.htm