Well, either I test it or I throw it away. If it was to ever "blow up", they usually just let the air out through a pin hole in the bottom, don't they? I'll probably put it up above my office where nobody ever goes just in case. It's got what looks like a 2" plug on the top of the tank, if I can get that out hopefully I can stick a flashlight in there and inspect the tank.
No, a catastrophic failure
can occur with a pressure vessel like an air compressor tank.
They are not 'supposed' to fail catastrophically, but they can.
Want a thread with pictures and all, of an air compressor tank that 'burst'? No death in that case, but major injuries (broken femur and other broken bones, etc) and destruction.
http://weldingweb.com/showthread.php?t=48232
And yes, a real hydrostatic test of a high-pressure vessel involves not only determining if the vessel 'survives' the pressure test, but also about how much it expands during the pressure test and if it goes back to its original unpressurized volume. If it does not go back to its original unpressurized volume, even if it did not 'fail' while pressurized, means that the tank material has "yielded" and become permanently deformed (stretched out) from the pressure. Which means the tank has "failed". Those tests are done in a water bath, not only to contain/minimize tank shrapnel but also to measure the tank volume before, during, and after the test.
But most lower-pressure air compressor tanks are just tested to 1.5x the tank nameplate pressure.
How much is your life and health worth? Seriously, how much?
If there is
any doubt about an old(er) air compressor tank, just scrap it (or turn it into a BBQ or smoker or whatever) and buy a brand new ASME-certified tank for $300-$600 or so.
Full-retail at Grainger, 30 gallon vertical 200-psi rated ASME-cetified tank, $629.50
http://www.grainger.com/Grainger/SPEEDAIRE-Air-Tank-1TZZ6?Pid=search
Full retail, 26 gallon 175 psi horizontal ASME-cetified tank, $530.00
http://www.grainger.com/Grainger/SPEEDAIRE-Air-Tank-1TZZ4?Pid=search