Thinking about getting the air chuck re-gripping tool and wondered if a cheap pancake compressor would work for this? Not for any commercial volume, just for doing mine and an occasional set for friends.
Will a pancake compressor work for air re-gripping?
They're noisy but will work just fine.
Been using one for years. The small Porter Cable from Home Depot. Paid for itself in saved putter grips alone 
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It will work fine if you don't mind the constant motor noise from replenishing the air to pressurize the tank.
My first one was from Harbor Freight with coupon was like $39 + tax, same one with coupon is like $49 these days.
http://www.harborfreight.com/catalogsearch/result?q=air+compressor The 6 gallon 150 psi will also do small project around the house.
Started using the air to regrip from the FGI days, it had a whole page from Arnie showing the do's and the don't.
It is also useful to blow out the loose epoxy bits from the shaft ( blow it out from the tip to exit the grip end ) clean out the work area of dust...attach rotary tools and you could also trim shafts....
As with all pneumatic tools, it won't last, that one I had worked about 2 years before the internal parts rusted out. Make sure you drain the tank free of moisture "completely " each time after use, that will prolong the lifespan of the compressor. Tilt the tank in an angle with the power on and the drain plug open so the moisture collected within could be pushed out by air. Using a larger one now.
Re, I think I have that same Harbor Freight compressor @ $50 iirc.
I nailed off the baseboard of our living room with it.
I was in Lowe's yesterday and their. Porter Cable, identical was $99 - same capacity as mine.
When I made my living I had a much stronger compressor more appropriate for larger jobs.
The H/F unit is more than sufficient for this "retired" contractor.
Merry Christmas, rob
I just got this guy from HF on sale for $149.....COUPONS-COUPONS-COUPONS!!!!
http://www.harborfreight.com/21-gal-25-hp-125-psi-cast-iron-vertical-air-compressor-61454.html
Much quieter than my oil less pancake comp.
I put it in a closet in my basement and plumbed some airlines to my airbrush/PC work area,hardly hear
the thing when it cycles on now.
I use a portable car tire inflator that you can plug into the car if you want. Works perfectly and its not crazy loud.
Darn,
Was looking at the 20% and the 25% coupon for the Harbor Freight ( coupons are good ), Read the exclusions which has the compressor on the list. If you decide to go that route their web page has the coupon for use on other stuff ( could be used for the attachment package for the compressor and other stuff ) and coupons for the free items with purchase.
All you need is show them the coupon on your smart phone and the discount will be taken withe UPC code ( numbers )
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As mentioned the small pancake compressors will work fine, just a bit noisy. The bigger the tank the less it will kick on and off which means less noise. It is important that the compressor has a regulator so you can set the pressure not to exceed the attachment limits. A blow gun with a cone shape tip is also handy . I installed a coiled hose and quick connects so I can switch to a tire chuck or air brush. If you think that you might get into air nailers or spray guns go ahead and size up the compressor to fit the tool from the get go.
Also remember to use a protector tube and wear eye protection when blowing grips off. I had an old Jumbo Velvet grip blow up when I was first tinkering with the concept and it is amazing how much force was generated in the explosion.
There is no such thing as a quiet compressor that puts out any air. It's just a matter of deafening or just highly annoying.
