OK. I was gonna let this all rest, but there is too much bad info getting posted on the subject of air tank integrity.
First, I'll offer my chops ... I'm a registered Mechanical Engineer in Ohio, hold an ASME Section 1 Pressure Piping Inspection Certificate, and hold a National Board Boiler Inspector stamp. Also, a certified pressure piping welder.
Regarding tank design ... tanks are NOT designed to leak first ... via pinhole or anything else. Tanks are designed not to leak at all. I will admit that in the petro-chemical industry there are some designs that use pre-drilled "pits" in specific vessels for active corrosion detection, but that does not apply to air tanks.
Pinholes develop due to internal corrosion ... typically from the accumulation of moisture. If the corrosion becomes severe, a through-wall pinhole will often develop. BUT, a single pinhole seldom occurs alone ... if there is one, there are probable more (like cockroaches ... if you find one, there are probably more). You might weld up the one leaking, but that doesn't repair the remainder and, unless you take appropriate action, the corrosion in the other pits will most likely continue.
If you get enough of these pits (not yet through-wall) you will begin to weaken the tank wall, and if the weakening gets bad enough the tank can fail (another corny analogy ... it's sort of like pulling on a piece of perforated notebook paper, at first the paper holds, but then suddenly rips along the perforated line). Result is a catastrophic burst of the tank.
I really find it rather baffling that anyone would argue against performing a static hydrotest on a tank with unknown provenance. It's a simple test and is basic common sense. And it could save someone's life or save you a lot of bucks in damage repair.
I agree when you see one pin hole there are going to be more. However, as someone who also has a long list of degrees I think you are going to have to do more to convince me that the tanks in this class (not the large scale industrial tanks you are working with) are not designed with leak before burst in mind.
I don't disagree that inspection of tanks is a good idea but why wouldn't OSHA et al just make this a legal requirement if the problem was that significant? I hope you aren't suggesting that Leak Before Burst is some sort of invented concept.
https://www.researchgate.net/publication/275386718_Leak-Before-Break_What_Does_It_Really_Mean
Perhaps you can get us some stats on tanks in the 10-80 gallon range on failure rates and causes. I can certainly say that when my 20 gallon tank failed it was clearly a leak before break case. I cut the thing open to inspect it.