I use something that is very similar to the second one - albeit I paid a lot more for it
It is super quiet but on mine, the motor runs constantly (I've never managed to get to the 60PSI cut over on the tank) and the most I can get into the tank is about 45-48PSI.
The small tank size means that you do loose pressure very quickly and so your painting can be interrupted whilst the tank recharges and you get enough pressure back - especially if you are spraying with water based paints such as Faskolor which need a higher PSI than solvent based paints.
On the downside, despite the claims, the workable PSI at the tip of my brush seems to be just over 40-45PSI (and it reduces very quickly) and so, in colder temps, the Faskolor can be difficult to use. It's OK in the summer time but when its cold outside, there's just not enough oomph in the compressor to keep the paint flowing.
I've used a larger workshop compressor before and the results were superb but I nearly jumped out of my skin when the motor cut in to recharge the 25Ltr tank - it was certainly not something I could use late at night.
If I could spend my money again, I'd be tempted at the bigger brother to the one you listed (click
here) as this would simply appear to be twice the horsepower so it might retain the working pressure a bit longer.
TBH though for casual use, the first one is workable - I just have to be careful with mine in the wintertime - but the 59dbA noise level makes it worth the hassle but I would love a silent compressor if funds would allow...
HTH