Hey, I have the "affordable" Porter Cable 6 gallon pancake. My ears bleed when it fires up. I also have a 12 year old 25 gallon sears unit in my shop. Likewise, my ears bleed when it fires up. The fact is, just about any belt driven compressor that you have to oil is going to run quieter. That said, ask yourself the question. Am I going to buy the filters to keep the oil out of my spray gun? A small laquer job is not worth breaking out the hvlp unit. Unless there is a chance of oil getting in the gun and mixing ,or not mixing well at all, on my beautifully crafted, expensive hardwood project. I am of the opinion that compressors that you have to oil, are more at home in the mechanics shop than the woodworker's shop.
Tom in KY, thinking about putting my compressor under the counter and see if that helps keep the blood off of my collar. My wife thanks you John B. and I do too.