I currently use two on the input to my Shoebox, although I used just the first one for many years. The main one I use is a big Wilkerson silica bead desiccant dryer, the X03-02, and it is probably overkill but at the time I got it for a great price. I paid under $100 for it on sale, but now it goes for over $200 - it holds over 1.5 pounds for beads and last for years between recharging on my Shoebox. If buying today at normal prices I'd probably go with the X06 series as it costs about $100 these days. It only holds about a a quarter pound of desiccant, but that should still be plenty in this application.
I also run a small drier after the Wilkerson filled with Molecular Sieve as an extra step to drive the dew point even lower. I only added that one in the past year as an extra precaution, mostly because I just decided I would do so. I trusted the brute size of the Silica drier on it's own for a long time, but if I had gone with the smaller unit I probably would have put the second unit on it from the beginning. The second filteronly holds about 50 grams of media in it, but given how dry the air is coming out of the big Wilkerson it will last a long time as well - so far no signs of changing on it yet (I used indicating media on this one too).
Here is what the complete set up looks like - from left to right, a ball valve to shut off the whole air path when not in use, the big Wilkerson, the small Molecular Sieve filter, a 0.1 micron dust filter (media can throw off abrasive dust), and regulator to keep the input constant.
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