My air compressor can trip on anytime that one of the mills is running. After I program them and press the start button I don't just stand there and watch them run... Even 6 or 7 years ago I would never have thought I would own a mill much less a CNC mill or a couple of them, a CNC router, and have plans to both buy and build more. I can easily see my CNC router, my mini mill, and my big mill all running at the same time with the compressor tripping on and off as needed for oilers, brakes, etc. To be honest I am not likely to be using the 220V RAS, but I can see my wanting to weld something or do a quick cut on the table saw....
A couple extra 220V circuits or atleast the ability to tie them in quickly and easily if needed can't hurt. You aren't going to find to many 5HP motors designed to run on 110V.
I do have my RAS wired into the same circuit for my air compressor, but only because the RAS will be rarely used.
Also, remember that anyplace you have 240 and a neutral you also have 120V.