Ok, ok, I'll post a schematic!!!

I probably am worrying too much about this. A "buzz box" welder is rated at 50A on the label and most home Migs use less power (Sparky, I didn't even consider duty cycle; it's on or it's off.) Hopefully, I'll end up with a 7-1/2hp compressor, which I'm reading as 40A FLA from Table 430-148. Even sizing for worst case, I've got surplus capacity here.

Scott, I understand your concern. I hope I didn't give the impression that I was doing this job without local input. I haven't completed a schematic but will post a link once I have. Thanks again to all.