for about 10 dollars more you can get a construction type compressor that is not really big with the regulator and everything that would probably last longer. It would work but if I remember right it has a plastic body and is a diaphragm compressor which tend to make the air coming out of the brush pulsate (not a steady flow)
if noise is not a huge problem the commercial one in the hardware section is all metal contstruction and has a 2 gal tank which emliminates any pulsating from the compressor, plus it comes with a regulator. I have one and I dont even notice when it comes on now... and my wife never has complained about it.. it's just not as quiet as some of the higher priced hobby compressors...