I have the Husky 80 gal. 2-stage unit. It does everything I need. I did use a Craftsman upright 6hp oiless w/ 25 gal tank. It did OK until you wanted to sand blast or use a DA. I built a shed in the side yard and moved the compressor out there. That's the only way to use an oiless. They are just too loud to keep in the shop.
If you are doing a full resto, you will need a larger compressor than what $200 will buy. You will also end up spending some good coin on the fittings, regulators, driers, etc. Then, you get to go out and buy air tools. Just remember that you get what you pay for when you buy tools. I spent the extra money to get a nice air ratchet and DA. The other stuff is cheap enough (i.e. die grinders) to buy and chuck when they break.
