Ron,
Three factors.
Noise: Lubed ones are preferred, because they are quiter but are more intricate and cost more money (but will last longer if you keep them lubed.) I personally went with a direct drive unit (non-lubed) It's loud, but I can live with it. I'm considering building a box with sound insulation around part of it.
Capacity: The biger the tank the better, I'd say 30 Gal is typical descent size for most garage work. If you got a unit that is 25-40 Gal you should be fine as long as you're pump can also keep up. I've used mine w/ a sandblaster and it keeps up. Air drills and ratches will use a fair amount of air but a 30Gal w/ about 6 CFMs at 90 PSI should do the trick. You only really need to go to large capacity if you're feeding multiple work areas and you have several tools in use at once from the same tank. But don't buy one of those dinky assed 2.5 gal jobs like a friend of mine did.
CFMs: How much air can you pump at 90PSI when operating a tools. I'd say don't get anything less than 6 CFM at 90psi, but you should never need anything greater than 9 CFMs at 90psi even if you want to try your hand at painting. Streetrodpainter - what do you require for painting?
Personally I'm using the Sears Craftsman 30Gal, 8.6 CFM at 40psi, 6.4 CFM at 90psi direct drive compressor. It can pump up to 150 psi, but I've got mine set to kick off at 135 to give it longer life. It's somewhat portable if you really need take it some place. Sears has it on sell for $299 and are tossing in an Impact Wrench and Air Ratchet as well.
Have fun with your air tools
TAZ
[ November 18, 2002, 05:46 PM: Message edited by: TAZ ]