Andy,
I went through this about two and a half years ago when we were opening the new shop. We ran it in 1" copper from the tank out around the perimeter and down the center of the shop.
Heres my list of suggestion:
1) Make sure the the enclosure around the compressor is well ventilated. You need to keep this room below 90*F if at all possible. Higher temps will lead to excessive condensate in the air supply.
2) Get a good water seperator. Make sure it is rated for a sufficient amount of flow for your application. It also needs to be mounted a minumum of 5' from the compressor to allow the compressed air to cool so it will work properly. If running copper I would suggest running the section from the compressor to the seperator with fin tubing like they use for base board radiant heat. A good heating supply shop can get in up to 2".
3) Have a rubber hydraulic hose made to run from the compressor to the shop manifold. If you run the copper right to the compressor it will eventually crack from vibration.
4) Bring the manifold into the shop high and run the perimeter with a drop of 1-2" per 10'. At the locations you want hoses run a drop leg straight down. Drop legs should be 1/4" larger than the largest impact you plan on using. 1/2" gets 3/4" line, 3/4" gets 1" line, etc. . With 3 of us working in the shop and myself owning the only 3/4" impact, the 1" manifold is adaquit. When we bumped up to 4 techs for about 9 months I wish we had ran 1 1/2" instead. With the other 3 techs using their 1/2" guns if I pulled the trigger on my 3/4" theirs would nearly stop. Of course I am running an IR 261 off of a 1/2" hose off of the manifold. 1100 ft. lbs. feels real good,

just make sure you are holding on with both hands.
5) Each of these drop legs need to extend 6-12" below the port for the hose and terminate with a valve. This will act as a water trap. In a commercial shop enviroment I would drain these daily.
6) For quick couplers I would suggest the Milton H-style for increased airflow. These are harder to find but the A-style and M-style connectors found in most shops will drop through the center of an H. If the dealer I used to work for would have let me use them I wouldn't have needed to buy my 3/4" impact.
7) For hoses I suggest 3/8" with 3/8" fittings if using up to 1/2" impacts. For 3/4" imacts use 1/2" hose with 3/8" fitting on the tool end and 1/2" fitting screwed directly into supply manifold.
Sorry it was so long, this should cover the basics.
Feel free to PM if you have any questions.
Later,
Paul