Thanks a lot for your comments, gentleman!
keilau - you're right, the biggest challenge, and at the same time the greatest opportunity, is getting the compressor itself. If you want to buy it as spare part, it's going to be expensive! But you can also ask a refrigerator repairman, or watch around your neghbourhood - how often does a refrigerator get dumped? I say it happens often, and the compressor is mostly OK. I got this compressor from a repairman for an equivalent of 15$. A brand new pressure switch would cost me about 40$, and again this much for a brand new reductor. If you skip new, shiny fittings, I'm sure it can be done under 100$. for a factory-built compressor of this class, I would have to pay at least 1000$, if it was new.
dirkpitt77 - I'm using this particular one for half a year now. I didn't really time it yet, but I estimate the compressor needs like three minutes to fill the tank up to 6 bar. I have the regulator set to 3 bar, so when I'm preshading (that's what I do the most), the duty cycle of the compressor is less than 50%. But I also have another rig of similar construction, and I use it for about 20 years now. I added more oil to it about two times, and did two major modifications during this time (one was fitting a pressure switch, the other was adding a reductor). So at the beginning I had a russian airbrush that had no air valve and the air was flowing through the airbrush all the time. The compressor didn't have problems with supplying this much air, and was running for about an hour at a time. It got a little hot when operating like that, though. After I fitted the proessure switch, and started using a Paasche airbrush with air valve, the duty cycle is always low enough, for the compressor to stay cool.
So - I understand your concerns, and I have to say it also depends on the type of compressor a little, but it's been successfully tested by me with different airbrushes, like the legendary "Russian" (without air valve), a copy of Iwata, simple, single-action airbrush (siphon fed, air valve only), and Paashe VJR.
Thanks for reading, have a nice day
Paweł