You pay your money and take your chances.
If I Recall Correctly, Type L tubing is light weight and thin walled, Type M is medium wall and somewhat thicker walled, Type K is heavy walled and has the thickest walls.
IMHO, for Light Industrial or Home Shop use type M is my choice for copper air systems. I solder them together with 50/50 solder. Because 50/50 solder is not allowed in drinking water systems, I buy it and acid flux at industrial supply houses; forget about big box home stores being willing to sell it. Up to 1/2" solders well with my propane torch; you might want to use MAPP gas for larger sized copper pipe. Copper Pipe is easy to work with and the tools are much cheaper than the tools required to cut and thread Iron or Steel Pipe
Iron pipe has been used as long as there have been compressed air systems, it works fine and lasts a long time.
PEX seems to be, again IMHO, growing in acceptance; but I prefer either Steel or Copper