I hope you have a hell of lot of electrical service to run the motor required to run that setup.
Accelleration is what would require a big ass motor, but actual pumping wouldn't need much more (if any) than a regular compressor. You could actually remove the cam completely, replace the intake valve springs with weak units and limiters. Then they'd work like a compressor's one-way inlet valve(s) and double work per rev. That means even at 60rpm (starter speed), you are pumping ~3.3cfm @ ~200psi. A dinky 12v starter can spin a d16 for several minutes on a decent battery. Given a civic batt averages ~300 amps for 30 seconds (300 cca) and only uses ~6 ga wire max, it's less than 60 amps. That means at 120v, the equvalent would hardly need more than 8 amps for a POS AC motor. And that assumes the starter indeed sucks a huge 60 amps.
Now since you're only needing 90psi for a sandblaster, that rating would be more like 7.3 cfm @ 90psi (60 rpm). Use a larger motor, double the speed, and you'd get ~14.5 cfm. Use the tranny, a big Baldor motor (say 15 amps) that will do 2000rpm which the tranny converts to 667rpm in 5th, and you'd have ~37cfm at 200psi. That would be somehthing like
82cfm @ 90psi - and your air pump isn't even at it's engineered idle speed.
Now, this is with an engine/trans you can get for $100 at most (y7), a $50 baldor motor, and some welding. Try to find a compressor head that will come close to 82cfm @ 90psi for $150. Hell, even if your motor can't do 1/2 that rpm from the load, you're still >41cfm @ 90psi, or 21cfm @ 175psi.
Grainger charges $881 for 14.5cfm @ 175psi Of course, my math will suck since I'm tired as hell atm.
I was actually thinking of a cooler compressor - an couple of Eaton blowers. You'd have to stage them to get 150psi, but it would work, not to mention
look and sound fucking awsome.BTW Here's something funny I found recently, almost as cool as that home-made welder:
http://www.flickr.com/photos/whiteafrican/162677862#