Rob, For only a few bucks more you can use two stage requlation instead of single stage and get better requlation performance on your propane. This also reduces line loss between the tank and the location of the second stage regulator(s). This permits longer runs without performance hits and can let you use smaller pipe from the tank to the points of entry into the structure(s). The first stage regulator is installed at the tank and the second stage regulator(s) are installed outside the home where the gas line enters the structure.
In anticipation of a propane fired backup generator and consideration for my backup propane fired furnaces on two of the heat pumps for when it gets below 40F plus the 4 gas logs, dual fuel range, propane range in basement, BBQ, and hedge against price fluctuation and any fuel delivery difficulty due to emergency situation... (takes a breath) I installed two each 1000 gal propane tanks. One would have been enough probably but I got decent prices on the tanks, installation, and now I can buy when the price dips or wait for a year or two without delivery if needed.
I too did not pour a slab for the tanks. I set them on some used concrete slab pieces bedded in sand. My tanks are in a pit with one end open on the downhill side so vapors can't collect. The tanks are next to a pond but are high enough that the pond can outrun its 12 inch drain pipe and overflow via the swale in place for emergencies and still not quite make it up to the height of the tanks.
Should a tank blow that is no direct path from a tank to the house. For debris to hit the house it would have to go out on a high angle like a mortar shell and fall on the house which is not likely to do much damage or injure occupants.
NOTE: The typical failure mode of a standard propane tank in a rupture/explosion sceanario is to blow off one or both end caps. This is much more likely than blowing up the cylindrical part. So... don't aim either end of your tank at a normally occupied region like your house or the swing set or...
Pat