elderjag, Oil out the intake dose not sound like the same issue with oil mixed in the compressed air discharge service line. The discharge line would be related to the vanes in the compressor, type of oil, viscosity, detergents, etc.
The air intake may be related to the oil-bath air cleaner. Mine would have some oil come out if the engine shut down under a load backfired and ran backwards slightly.
Dose the oil come out of the air intake while the engine is running and building pressure?
You can try this: drain all the oil out the the intake oil bath filter (leave the oil pan off) and run it (in a clean environment), and see where the oil is coming from.
As Jim mentioned, the oil bathed air cleaners can be a pain.
Harold