This is what I come up with if the cutoff pressure is 90 psi for both tanks. For the 30 gal. tank @ 90 psi:
V1 = (90 x 4) ÷ 14.7 = 24.5 cu. ft.
For the 60 gal. tank @ 90 psi:
V1 = (90 x 8) ÷ 14.7 = 49 cu. ft
So the storage capacity is twice as much (surprise, surprise - 30 gal vs. 60 gal.) But like others have said, the important number is the flow rate of the compressor. A 60 gal. tank just means it won't be starting/stopping as often with the larger storage capacity.
I think you missed something I was getting at. I use 90 psi as the minimum pressure, not the max. Of course the actual minimum usable pressure varies but I figure 90 is a good number. So a 140psi fill pressure means you have 50 psi of usable air * how ever many gallons or cf. A 175psi fill pressure means you have 85 psi * how ever many gallons.
To illustrate the point consider comparing a 120 gallon tank filled to 95 psi vs a 10 gallon tank filled to 200 psi. Which will let my 90 psi minimum die grinder last long on just the tank?
Big tank, (95-90)psi*120 gallons = 600 psi*gallons
Little tank, (200-90)psi*10 gallons = 1,100 psi*gallons
So in my extreme hypothetical a 10 gallon tank has more usable air above my 90 psi minimum than a 120 gallon tank due to the difference in pressure.
If we ran the same calculation but were trying to fill up 30 psi car tires then our minimum pressure is 30 psi. Now the math looks like this
Big tank, (95-30)psi*120 gallons = 7800 psi*gallons
Little tank, (200-90)psi*10 gallons = 1,700 psi*gallons
As you mentioned, this is just looking at tank volume, not the pump. This sort of calculation can matter if you have a tool which simply outruns any 120V compressor so should you get the smaller tank with higher PSI or the larger tank with lower max psi? For example, how much more useful air is in a 6 gallon, 150 psi Porter Cable pancake compressor vs an 8 gallon, 120 psi CAT compressor. The PC has about 50% more usable air thanks to the higher pressure.
In the OP's case it just shows that thanks to the higher tank pressure, the 30 gallon tank isn't that far off the 60 gallon tank in terms of usable stored air. However, that ignores that the 60 gallon's pump flows 2x or more what the other compressor does.