My airmate 3hp compressor which i have had 20 years this year has failed me. Its only reaching about 20psi and runs continuously which I take to be the head gasket.
Problem is I cant find a gasket before I strip - any ideas.
Just a guess but 20 psi might be a cracked reed valve in the head. You can get gasket material in different thicknesses from motor factors and I've made my own as they;re not under as much strain as a car engine.
You can sometimes make a new reed valve from shim. It also comes in different thicknesses like feeler gauges do. If you need to drill any holes in it it's better to sandwich it between two plates.