The pinhole leak from rust was actually a pretty dangerous situation. Well before the pinhole appeared, the rust was weakening the integrity of the sidewall and it could have blown out.They have gotten more expensive since I bought one but here is a typical Freon tank to air tank conversion kit. It has a gauge and a overpressure relief. Fill by shraeder valve and tank comes with open/close valve. Only problem I ever had was the rubber dry rotted and had to be replaced and tank eventually (after 30+ years) developed a pinhole leak from rust. Never painted it or it may have lasted longer. Worked great for bicycles, yard tractor tires and low car tires.
https://www.ebay.com/itm/Tool-Aid-9...ADAPTER-KIT-/251278903428?hash=item3a8163c884
This is actually a big concern with steel tanks that were never meant to be air receivers are used as air receivers. Often they were intended for propane or some other gas that could be counted on to be dry, but the air coming out a an air compressor usually has quite a bit of water in it, even in arid climates, that unless removed with a dryer of some kind, condenses in the tanks. If the tank doesn't have a purge valve located at the lowest point, that water collects and corrodes the tank. Tanks designed as air receivers not only have those valves, but the interiors of the tanks are usually coated to protect them.
EDIT: Corrected the good pointed out by Tonyr1084.
Last edited: