Couple of things to remember with flexible piping. You don't want any dips in horizontal runs because they will accumulate moisture. No matter what you end up running you want everything sloped down hill to some drainage mechanism. This is hard for a woodworker to do since 'crooked' isn't in our vocabulary.
At the bottom of each of your vertical runs to the tools put the connector some distance above the bottom end of the pipe (6"+??) and put a drain valve on the very bottom so you can drain the line periodically.
If at all possible try to cool the air right after it leaves the compressor and before it gets into the piping system. Basically you want the air to traverse some big vertical metal piping runs (drain at bottom) before entering the horizontal distribution system.
My last shop I piped the right way. The shop I have now just has air hose all over the floor. Go figure.
