The spec below was lifted off the web for the Jun-Air 12-50 compressor, and to be honest other than for very small localised blasting jobs, isn't up to any serious blasting work at all, the tank is way too small anyway and would have nothing in reserve!
I use a 15cfm twin cylinder 3HP compressor with a 200 litre tank bought new, and that runs out of breath fairly quickly!
If the engine is going to be stripped anyway, I'd cover any blasting and paint stripping on an individual basis, also be aware that blasting will not get rid of any paint that is in any way 'soft' it will simply absorb the energy in the grit, ditto any oil or grease!
Just my 2p's worth
John
Motor 0.68KW/1HP
Displacement up to 100 Lit/min depending on pressure
Max pressure 8bar/120psi
Air receiver 50 Litre
Voltage 220/240Volt
Power 680Watt
Weight 55Kg
Noise 45dB