I'm glad you said that. It runs parallel to a question that came up last night while I dreamed sweet compressor dreams. Why is the compressor always mounted on top of the tank? This makes it top heavy. In my case, putting a 5HP head and 3HP motor, either of which easily weighing double what my existing 2hp compressor+motor weighs, is going to make my 26gal craftsman compressor very top heavy. I would rather mount the motor & compressor at ground level and place the tank on top. But nobody else does that. I've never once seen a compressor configured that way. Why?
I assume it's the condensation that would surely happen along a long vertical air line from the compressor on bottom to the air entry on top, especially when the compressor switches off. That water would trickle down and maybe into the cylinders where (maybe?) It would create a hydro-lock situation and blow head gaskets?
Would it be ok if there were a cooler and a water trap between compressor and tank? Would it be ok in your situation, considering you aren't going from a compressor head directly to an overhead tank, but rather from a tank to another overhead tank?