We put a lot of farm duty motors on compressors especially outdoor ones here. Usually Teco motors cause that's what I get from my usual supplier. TEFC, continuous duty, sealed bearings. Pretty common thing for us to do on smaller receps like that, along with putting on mag starter and new pressure switches.
Just one caution - Totatally-Enclosed, Fan-Cooled (TEFC) motors typically have a lower service factor (1.0 instead of 1.15 or 1.25), meaning that they are less tolerant of being overloaded. This is because it is more difficult to get the heat out of the motor windings on this type of motor.
For dirty/dusty conditions or where it may get wet, using this type of motor is fine, but in most cases, you are better off with a conventional motor design with open windings as it will run cooler which results in the motor lasting longer due to less rapid winding insulation breakdown.
Also look at how many starts per hour a motor is rated for - often it is a fairly low number, say 5 starts per hour. During starting, up to 10 times the running current can briefly pass through the windings, resulting in a great deal of heat building up in the windings. The limit on the number of starts per hour is to allow that heat to get out of the motor (which happens most quickly when the motor is running with the internal fan blowing air through the housing), thereby limiting winding temperatures to a safe limit.
All that to say that TEFC is not "better" in every situation. There are downsides to it that should be understood.