Well, using a plug and receptacle creates its own set of problems. You will have to use flex cord such as SOOW, which is fine stranded. The terminals on the pressure switch are probably designed for solid wire, the type of terminals where you shove a straight piece of wire under the edge of the screw and tighten the screw down. Now you are faced with attempting to wrap this fine stranded wire and the terminal screws and get it to stay put as you tighten it down, none of which the terminal is designed for. Other option will be to tin the wires at the ends.
Lots of code issues with plug and receptacle connection of motors over 1 hp. By using a receptacle, you are effectively creating a general purpose branch circuit.
430.42 Motors on General-Purpose Branch Circuits.
Overload protection for motors used on general-purpose
branch circuits as permitted in Article 210 shall be provided as specified in 430.42(A), (B), (C), or (D).
(A) Not over 1 Horsepower. One or more motors without individual overload protection shall be permitted to be connected to a general-purpose branch circuit only where the
installation complies with the limiting conditions specified in 430.32(B) and 430.32(D) and 430.53(A)(1) and (A)(2).
(B) Over 1 Horsepower. Motors of ratings larger than specified in 430.53(A) shall be permitted to be connected to general-purpose branch circuits only where each motor is protected by overload protection selected to protect the motor as specified in 430.32. Both the controller and the motor overload device shall be approved for group installation with the short-circuit and ground-fault protective device selected in accordance with 430.53.
(C) Cord-and-Plug-Connected. Where a motor is connected to a branch circuit by means of an attachment plug anda receptacle or a cord connector, and individual overload protection is omitted as provided in 430.42(A), the rating of the attachment plug and receptacle or cord connector shall not exceed 15 amperes at 125 volts or 250 volts. Where individual overload protection is required as provided in 430.42(B) for a
motor or motor-operated appliance that is attached to the branch circuit through an attachment plug and a receptacle or a cord connector, the overload device shall be an integral part of the motor or of the appliance. The rating of the attachment
plug and receptacle or the cord connector shall determine the rating of the circuit to which the motor may be connected, as provided in 210.21(B).
Looking at the pics of the motor, I cannot see where the motor has its own overload protection (usually a reset button on the end of the motor opposite the pulley, and the data plate usually says "Thermally Protected" or something like this.) If you have any concerns about following code for disconnect means, circuit protection, motor control (switch, starter, etc) then you will really want to consider hardwiring the motor to the circuit.
I might be overdoing this somewhat, but I'll bet the plug and receptacle stays connected for many years to come. Stuff like this doesn't get moved very often.
Charles