I have cleaned tens of thousands of tools with mine. I use pretty fine glass beads for ones with no moving parts and walnut shells for ones with moving parts. You have to be careful with the glass beads not too take off too much.
I use the same compressor, but mine is not starting up right now. I need a new control switch. It has always done a good job. I also use a 2 inch vacuum nozzle to a shop vac. I cruddy shop vac is better than a good one. If it sucks too good, it is hard to move your hands around. I have benchtop models and have always had a hard time keeping the gloves attached. I use the plastic shields, but tape them on, and use an external fluorescent light on top of the plexiglass on top.
I would like to get a bigger model like yours. It probably has bigger pickup tubes. I have a lot of problems with the walnut shells getting stuck or not flowing right because of the very high humidity where I live. I have a drop pot type dewatering mechanism in the intake line, but it only helps so much.
I always wear a respirator when I am using it. A little of the dust gets out, and I do not want silicosis. Also, I think I am allergic to the walnut shell dust.