Why are you using a cooler? Is it because of hot air?
It's all done to remove water vapor from the air.
Water is bad for tools and ruins paint. Hot air
won't hurt anything.
Water vapor condenses into water when air changes
from a higher to a lower temperature. This temp
drop and resulting condensation can't be avoided
because the air is very hot after leaving the
compressor.
The first place water condenses is in the tank.
The compressor has just pumped very hot, very
moist air into this large, cool space. Water
quickly condenses in the tank as the air cools
to room temperature. An automated water drain
valve at the bottom of the tank is a really nice
feature to remove the water each day.
I personally haven't done this yet, but I plan
to add a simple, passive air drier between the
compressor and the tank. Most folks on the web
call this device an "intercooler". It's just
a small radiator with a cooling fan which kicks
on any time the compressor runs. The hot air
from the compressor cools as it runs through
the radiator. Water condenses inside the radiator
and exits via a self-draining water trap at the
bottom of the radiator.
Folks on the web have shared very good and
cheap DIY intercooler designs...
www.garagejournal.com/forum/showthread.php?t=153878
www.garagejournal.com/forum/showthread.php?t=161113
www.slantsix.org/forum/viewtopic.php?t=40089
http://transamcountry.com/community/index.php?topic=30424.0
www.pirate4x4.com/forum/shop-tools/596034-my-new-compressor-intercooler.html
If you have a two-stage compressor, a radiator
and water trap can be plumbed between the two
pistons (the "intercooler"), and a second radiator
can be plumbed between the second piston and
the tank (an "aftercooler"). I suspect the
intercooler between pistons must trap and drain
away every last drop of liquid water. Any water
entering the second piston would probably be
very, very bad.
Cooling and drying the air before it enters the
second piston (and the tank) means the air
being stored is much cooler and denser. Cool,
dense air can do more work per volume compared
to hot air. So you're effectively adding power
to your compressor. Another added benefit
is that less water condenses in the tank.
Finally between the storage tank and tools,
you've got more water traps, dessicant filters,
oil and debris filters, and rather expensive
refrigerated air driers. This is the last line
of defense for your tools and paint finish.
Unless you paint frequently, I personally
don't think a refrigerated dryer is required.
For the occaisional plasma torch cutting
or painting job which require really dry air,
a dessicant filter is adequate.