New compressor

I need a new compressor. My old Husky (nearly 20 years old) 60 gallon single stage has been making clunking noises from the pump. Got it out today and it appears to have a lot of crankshaft end play. Not sure if it's worth it to rebuild the pump. New pump is about $250, but the rest of it is still old. I was looking at the Kobalt two-stage 3.7hp 60 gallon. Price looks good, but the picture of the compressor and the text of the ad have vastly different CFM ratings. I will also be surprised if the tank does indeed have a 1/4" NPT outlet as the text states.

BUT, the other concern is the 175psi. I assume that I need to regulate that down to around 125 for my tools to last. The Husky has mostly been able to keep up with the work that I throw at it unless I am using high air usage tools like the blast cabinet and the 3" cutoff tool. Never had a problem keeping up with painting.