Yes, but you will have a less than ideal situation. One compressor will do more work than the other as they kick in at different pressures. However,if the PSI ratings are the same, go for it.
It works well for the occasional user. Otherwise I would consider upgrading the compressor. Or getting a big pressure witch that can handle both motors.
Also keep in mind that the regulator must not be between tanks, or it will bleed pressure as it "thinks" it is sensing a line pressure that is too high.
And welcome to GJ!