No, this setup would be illegal per
R82:
Quote:
R82
Only the compressor, relief valve (P/N: 16-004-011), pressure switch, pressure vent plug valve, pressure gauge, storage tanks, tubing, and connecting fittings may be in the high-pressure pneumatic circuit upstream from the regulator.
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Also, just as note, per R81, your high pressure system is limited to 120 psi, not 125.