When our shop was rebuilt the boss used a Rapid Air kit, beautiful kit. I think Jerry's question is with your use of PVC pipe. I have heard of guy's using it and the pipe exploding. In don't know any specifics but I guess over time the plastic will crack and then BOOM!!!
Yea, rigid PVC or CPVC is dangerous to use as air line.
Here's the deal.... Compressed air has a lot of stored energy. When a pipe bursts, the PVC explodes with a lot of shrapnel.
The argument for PVC is that the PVC is rated above the working pressure of most air lines. The problem is that is a hydraulic pressure rating using water and pressurized water does not have that stored energy. Think of a balloon filled with air. Pop the balloon it explodes with a lot of noise and the bits of balloon going all over. Fill it full of water and pop it. All that happens is the water falls out of the balloon and you get wet.
Even if you were to say that "pressure is pressure", PVC pressure capability deteriorates quite a bit with heat. At 140°F, the strength is derated to
20% of the strength at 60°F. So your 1" schedule 40 PVC that you bought at Home Depot might be rated at 270 PSI at 60° but let's say your lines are running through your attic and it's a hot day and the compressor is pushing some hot air. 140° (or a lot more) is pretty easy is hit and now the pipe is has a rating of 54 PSI.
PVC Pipes - Pressure Ratings
That isn't even considering glued joints etc.
There's other issues to be considered too. I've read of a PVC plumbed air system that blew during a small garage fire and the resulting rush of air fanned the flames and the small fire became a big one and the garage and cars were lost.
Copper is better, but if you use 50/50 solder for the joints, the rating dips quite a bit. You want to use type L rather than the thin wall type M that you buy at Home Depot.
http://www.alascop.com/pdf/cu/water_tubing_1.pdf
The air line kits like shown above are supposed to be pretty good. I've used similar line and fittings in pneumatic circuits with no problems.
Myself, I have a short run from the basement, where I keep my ancient 5 HP Sears compressor, to the garage. Since most of it is through a finished ceiling, and it's only charged when I'm using it, I just used a good quality air hose. Eventually, I'll have to change it, but that will just be a matter of using one to pull the new one through. I have a Harbor Fright retractable air line on the wall and that works out real well for my use.