Mr. Jimi:
I tried something similar once with fairly small loads and it did not work very well. I learned (the hard way) that you can't control the movement of the cylinder very well because air (even at 175 psi) is quite compressible. Therefore, when you apply air to the cylinder, it takes more pressure to overcome the initial friction of the joints and the piston/rod seals than it does to keep them moving once they are in motion. So when you try to lift you keep adding air until the cylinder starts extending. But when you shut off the air the cylinder keeps moving (a little or a lot, depending on load, friction, how fast you were adding air, etc.). It is difficult to move the load a little at the time it. It is particularly annoying when lowering the load, since you keep letting out air until it starts down. Then you discover that the load keeps falling when you close the valve because of both the static vs moving friction and because of the downward momentum of the load. If it is falling fast enough when you close the air, the load can actually travel down quite a bit, stop when the air is compressed enough further to hold the load, and then bounce back up a bit. I gave up after bending a few things I did not intend to.