Truckoholic said it right.
I have blasted a lot of truck sized projects and my experience is the same as his. The only thing I differ in is sand. I would never use sand from home depot. Play sand is just that. It is river sand that is all rounded from rolling down the river, and doesn't have good tooth to cut with. If that is all you can get, fine, but real sand blasting grit, like Green Diamond, does the work in half the time or less.
I never try to reuse blasting grit. If you are in a booth where it can be swept up and screened that might work, but otherwise, forget it. It takes a lot of blasting grit to get the job done, there is no way around it.
A commercial screw compressor and a HF freight blaster is a mismatch and won't gain you anything.
I will soon be experimenting with a 4000 PSI pressure washer with a sand blasting attachment [wet blasting]. I will report back here with the results.