As an electrical engineer, I'd like to point out some issues for those shopping for a new compressor or looking for an old one.
First, 220V is way better than 120V at any horsepower. For starters, they generally don't make your lights dim every time they come on. Second, the current draw for a 220V vs 120V is half, thus the motor can usually run cooler and sometimes quieter.
Second, any manufacturer or individual who tells you they have a compressor, new or used, that is more rated for more than 2HP (standard 15A rated plug and outlet) is misleading or falsifying the true HP rating (probably unknowingly). I know that this seems like an outlandish statement at first, but just do the math-
1. One horsepower requires 745.7 watts in theory, there's no getting around this scientific fact.
2. Watts = Voltage X Current (amperage). The current is not necessarily what is on the breaker, but the rating of the outlet and plug, which is almost always 15 A. Thus, a standard household receptacle outlet can provide up to 1800 Watts.
3. That said, an 1800 Watt receptacle in theory and in reality can power at moist a 2.41 HP motor. Thus, my outlandish statement about 2HP as stated above.
So now that you are armed with truth in science, go back to the craftsman compressor aisle and ask yourself how they can claim they are getting 5HP out of a standard plug and receptacle. Do you still trust them?
As far as the Devilbiss style design, I bought the 5HP 220V dual cylinder model. After I had to rebuild the Devilbiss 3 times, it was apparent that this design ***** and is not rated for heavy duty. I bought the 5HP twin V cylinder from Harbor Freight and scrapped the Devilbis, which was the smartest move I ever made, not to mention it works better and delivers more air.
I feel sorry for anyone who gets tricked into buying an oiless model, not just for the sake of their ears but that they will be dropping their investment off at the scrapyard one day very soon. The only reason to buy such a model is their upfront cost is less. For someone who only uses their compressor to fill up bicycle tires once in awhile, this may be a plausible justification.