PVC is not rated for air line use. I can not recommend it's use in compresed air lines.

Having said that here are some things I would consider if I was running PVC air lines in my shop.

Schedule 80 is rated for higher pressure when glue joints are used. With threaded joints it has about the same rating as Schedule 40 with glued joints. Two stage compressors build up a lot of tank pressure.

White Schedule 40 is not UV resistant. It will fail in time if exposed to direct sunlight.

The strength of both Schedule 40 and 80 pipe/tubing/lines decreases as it gets hot. Compressed air coming out of the tank is hot. Be prudent, use iron pipe for the first 10 or 20 feet.

Plastic air lines usually fail at the joints. There are two things you can do about this. First use fresh glue and pipe cleaner. If you do not like the purple stuff look for clear, it is available. Second, never, not ever, open the air valve at the tank in a single motion. Open it slowly and let the pressure in the lines build up over a minute or so. A suden jolt of pressurized air will blow a joint apart.