This is my set up for eliminating the need for the 5 gallon bucket and consistent temperature control. It was fun to put together and 100% maintenence free. (So far)
It recirculates automotive coolant from a resevoir at the top through the pump to a Derale intercooler on to a second radiator through the air compressor head then on to the flow meter back to the reservoir where it repeats.
I also use a 4500psi reservoir tank rather than fill my gun from the compressor directly.
I've been running this for about 6 months now with no issues. So far, I'm pretty proud of it though it was quite costly to build.
Maybe even overkill.