I ran one for years back in my jeep days. I used the "bad" ford compressor from a mustang because it was free. A buddy was hot rodding his car and pulled out the a/c. I ran the intake hose to the engine's air filter so it draw dust free air.
The oil issue is real, but overrated imo. I just gave it a shot of wd-40 or a few drops of engine oil basically whatever was onhand before I used it for extended runs. I had hundreds of hours on it before it died. I used it to run a small sand blaster to clean up a rolling chassis and paint a couple jeeps so that thing got a workout.
I say build it. You will not waste time or money. Your tank, cutoff switch, blow off valve etc will work if you upgrade to the "good" compressor later. The ford compressor is already mounted on your motor with no hastles fabing up brackets or finding a belt. You already know it works so run that thing until it dies.
Is the york better? sure but do you have one? Will the one you do have work? Dam right it will.