Two moisture traps is just fine as a configuration. Just be sure that if you only use one that it is on the Output line from the tank, that is the one that keeps moisture out of your tools and out of your work. The one on the inlet line is not a bad idea, less moisture going into the tank must surely help tank life. Tanks die (wear out) from the inside out, due to rust caused by moisture.
So, if you get a second trap and put it on your output line, you are just "doing more" for your tools when others try to get by without one trap (one trap is"doing the minimum")
I hope this helps
Rex
ps, concerning pressure drop from multiple moisture traps,,,,,,,,you should be able to run multiple lines, each with their own trap,,,,,,without any drop in air pressure at your gauge,,,,,,if you end up with a pressure drop, you have an air leak somewhere,,,,,air pumps fill the entire volume up to the set air pressure, so extra volume doesn't reduce the pressure (one of the corollaries to Boyle's Law?)