Does the comp have an unloader on the cylinders, just wondering as it probably wasent running off a clutch originally like some of the yorks etc but off a govenor so it would kind of free wheel so to speak when it reached pressure.
My 3hp compressor has a single A section so I don't see any problems with 2hp.
I originally went for a 4 pole motor, slower speed, less noise but could only get a 2 pole cap. run, cap start. The pulley is half the diameter so the torque on the motor will be halved so I don't anticipate any problems.
Hopefully I'll get it fired up tomorrow.
If it's half the diameter the torque will be 3.142 times greater
The oil feed would be the only problem with running it the wrong way i would think ,it shouldent make any difference to the suck and blow valves by all acounts.