While not directly related to your question, this might provide some insight into compressors in general. Your post struck a nerve, so I must answer. I have several compressors and wife has a couple from her days as a hardwood floor installer. All of them are "wet sump" machines. In all my years of looking at compressors, if I see one interesting the first thing I look for is if it is oil-less. If so, the machine is immediately rejected. There is no such thing as a "low maintenance" machine. An oil-less compressor works without maintenance until it doesn't. Then it must be replaced. It is near impossible to repair.
A "wet sump" machine is little different from a gasoline engine. Mainly in that it doesn't get hot and the valving is simpler. The "big end" of the connecting rod has continuous lubrication. Whether from a splash oiler or a pressure system, determining how long it can be run without some form of maintenance.
An 'oil-less" compressor came about to be used by the "consumer" on a "casual" basis for airing up tires, blowing up a beach ball and the like. And was never intended (my opinion) for any continuous operation. It was intended, and sold for in the day, to be a simple, clean convenience for John Q. to have compressed air without any mess or running to the filling station. And put on the closet shelf until fall when he needed to inflate the football. Consider changing the bearings in your automobile to some (unspecified) material and then running it without oil. How long do you think it would last? Even with a wet cooling system.
I use a wet sump compressor even at the model painting level, with a low pressure air brush. When I visit another modeler, I will use what he has on hand, but at home in my shop, it is wet sump or nothing. A decent compressor is big. Just how big is a matter of the CFM capacity and storage tank. It is messy, cannot be easily stored, and lasts nearly forever. And that's before adding pneumatic tooling. Add in something small, like an air ratchet or butterfly wrench, and an oil-less will run continuously. Even my Harbor Freight screw compressor has a wet sump.
The only time I would even consider an oil-less compressor is for a small shop in a spare bedroom. That's my personal opinion though and should not be taken as solid advice.
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