Wonderful project.. and I like the creativity you have exhibited in using various found/cheap items. I myself have several of those little 12 volt air compressors... never been able to use them successfully for airing tires... but, I suspect that they would do well if recycled into a foam marker system. When you are all done, I hope you put the whole story together along with materials list, construction details, photos, etc... so we can see it all in one place. I think you are almost there. Stuff like this is why I am a TBN member.
I need to do exactly what you have done... You are right, the commercial rigs are really pricey! I already have the boom sprayer, just not the foam marker system.