Carl
Tripod mount Hydrovanes don't have a tank and come up fairly frequently on E-Bay. However the small HV01 – 02 sizes most likely to meet the power constraints and air needs of the home shop are most commonly found in receiver mount format with tanks or air centre, i.e in a box, style. Tripod mounts tend to be industrial sizes, HV04 and up, which make quite a lump on a tank. (I have a HV 04 with air cooler waiting in the round-tu-it section of the store which I'd intended to put on a tank once the proper three phase is connected but odds are I shall have a shuffle round and keep the tank separate.)
If your piston compressor still works fine its probably more saleable as a complete unit so may well cover paying the extra for a tank mounted Hydrovane. Tripod mount Hydrovanes aren't exactly compatible with the usual reciprocating compressor tank mounts either as the bolts generally want to go somewhere between the usual compressor and motor mount holes if its to be anything close to central.
I guess Clive H has better ears than I have. Hydrovanes may not be as whisper quiet as legend might have but very noisy they are not. My HV 02 is, to my ears, of similar volume to my Pratt & Whitney Model B 12 x 30 lathe with the motor on high speed. Bet a goodly percentage of the noise is cooling fan. Dropping a box over it should bring noise down to fine in the workshop, if not office, levels. Contrasts with a reciprocator of similar capacity which can only be effectively silenced by putting the thing outside!
Clive.