To be honest with you, the large in-line filters are unnecessary. I purchased a big Tuxing filter to use inline with my DAVV compressor. I found that it took 3x's longer to achieve regulated pressure with the pressure that was left in the tank because the filter itself acts like a giant plenum. I had cotton filters in it. I also played with layers of desiccant beads. Unless you're using the air for breathing air, it's unnecessary. I finally went back to a really small water separator on the end of my charging hose. I did use the larger filter from the Tuxing cut to a smaller length and forcefully crammed into the smaller water separator. I have had ZERO issues with water or oil in the air when using this method. In my opinion, these PCP pumps are working to their max under normal usage. Why add unnecessary stress onto them?
Regarding adding ice to the water, this is also unnecessary. If you read the operators manual, they run best between 55 and 75 degrees C. If you start the compressor with cold water, the piston will freeze up in the cylinder walls due to the contraction of the steel housing from the extreme cold. I found this out the first time I ran my compressor. Just start out with room temperature water. Let the compressor temp get to about 20-22 degrees C, and start it up. If the temp starts to go beyond 75 degrees, you've either got a cooling water issue, or you've run it too long. But if you MUST cool the water, then only fill the 5 gallon bucket 1/2 full in the beginning. And have another 2 gallons ready to go to add to that water when it starts to get too hot.
Another issue I've found with the compressors is they vibrate violently. So I made a device that the compressor sits in that dampens the vibrations via springs, and it completely eliminates the vibrations. This has made a HUGE difference. Don't run your compressor for more that 15-20 minutes at a time. Let it rest 20 or 30 minutes between fills. It's not ideal, but your compressor will last WAYYYYY longer by doing this.
Lastly, when you're done using the compressor, get a small LP air compressor (like a little pancake compressor) and set it to about 60-80 psi. Use a blow nozzle to blow the excess water out of the water cooling reservoir. If you're using tap water, then it is loaded with minerals. And the water reservoir is aluminum. The minerals will DEVOUR the aluminum if it just sits inside of it forever. The other alternative (if you want to leave the water in it) is to get a few gallons of distilled water to use for cooling. Just recycle it. If you want to cool tha water off without contaminating it with mineralized water, then freeze some water bottles and drop them into the buckets of distilled water to cool them.