OK, here is what I did. I moved he compressor to the adjoining shed to get some distance and free up a bit of room. There is about 45' of 1/2" black pipe. I feed into a Campbell Hausfeld filter to get most of the water and oil. This feeds into a DeVilbiss QC3. It really works well. I ran the media blaster for a good while and don't see anything in the filter attatched to it. Sure dumped a lot from the Campbell Hausfeld though.
Thanks for all your suggestions and guidance on this one.
Dennis