I'am currently wiring my garage now planning a circuit for the compressor, 240 volt. what is the advantage for a disconect ?
In some cases the breaker in the panel is suitable for a service disconnect, may be in the same general location so a guy can see a bud turning it on while working on it, you have to disconnect the power, (these have auto start also). If its in a different room it needs further disconnect for service, cord is good because its a no brainer visual deal, unplug and its safe to work on.
Turning it on on occasion is a different deal than the first post, turning on and off several times a day also,, and was said, if there is a contactor it maybe able to be switched differently.
Personally I leave the thing on, keep hoses in good condition etc and I want air as live as I want electric or water, its just another one of the utilities. Put a valve on outgoing manifold, could shut it off, can service any part of the air system without shutting down, draining etc.
I serviced mine the other day after reading one of these threads, took it right out, fixed some drains, steamed it off, adjusted belts, changed its oil, put synth in, going to forget about it, power hadn't been interrupted to it in 15 yrs. This oil is so much better than it used to be, looked cherry on draining, old time oil used to be crappy after a while but this stuff, thousands of hours on it, looks, feels new, sample would have been interesting, it won't get drained again unless it needs service work.