I haven't really messed with it much, but after I saw how much water is being spit out through an open hose with the compressor running constantly, I can't see how the little trap will be effective enough.
The silver lining here is at least now I know why the more I spray the worse my troubles. That's been driving me batty for a couple of seasons now, at least I'm pretty sure it's water in the lines now.
I did tear down the little Sparmaxx regulator/separator/gauge as far as I could. I can't tell what the separator material is, but it doesn't look very substantial. I'd swear it almost looks like a paper filter. Internal parts aren't replaceable far as I can see.
Also, water isn't filling up in the collection vessel. For the amount of water being produced, it certainly should be. Just enough to spit in my hand when opening the release valve.
I got a better regulator/separator/gauge combo at Menards last night, but it's all 3/8 NPT and by the time I go through all the fittings and temper tantrums required to make it all work, I have 25% of a new compressor.
If a compressor with a tank makes this all go away, I'm ready to pull the trigger.