UGA I just finished, or about to finish, a air tank build and have been cooking on it for about a month or 2. The tank i had was a older craftsman 60 gal. and the thickness is a little thiner than 3/16. Orginally I was going to use it as just a patio model but ending up buying a small 4x4 trailer, $150 HF, to transport it. What Dave said is right on the money, the thinner metal does not retain heat as well but on some warmer days you can not tell. I just finished 2 dear hams this christmas and the outside temp was around 35 and their was not any problem as far as maintaining it. On a side note I did go with 1/4 for the fire box and baffle plate, it is a reverse flow, and their is a even heat across the chamber. Total build cost with the trailer was around $500 and I got the tank for $50. As far as sand blasting I did not, all I did was do a good burn out with redoak on the inside and then used a wire cup on my a grinder to clean the outside and inside. After the burnout the paint on the out side just fell off. Then I seasoned the inside with bacon grease for about 4 hours at 325 deg. Compresser tanks do make good smokers and their is a less of a chance of them blowing up, but still take the safety precautions when cutting it for the first time. I took the main drain plug out of the bottom which left me with about a 2 inch hole to fill up with water and dish washing liquid before I did my first cut. As far as your question on the paint I would remove it and go with a high temp paint, I'm cheap so I just used a couple of cans of rustoleum bbq high temp in a can. I have some pictures of my build under my thread, check it out, I will add some more this evening to let you see where I am at as of now. Also if you have a plasma you will be able to knock it out in no time, all I had was grinder with a metal cutting disk so it took a while. One suggestion is if you can get your metal for the firebox sheared do it, it saved me a lot of time.