Couple of thoughts from someone that has a fondness for the big old recips.
A rotary, at least the older ones, need to have around 60 psi pressure maintained at the discharge point to provide for oil flow. They have a minimum pressure discharge valve that helps to insure that oil moves thru the air end like it should. When they run unloaded they are always blowing off a little of that pressure.
Start and stop operations are tough on rotarys in general because of the size of the rotors and how fast they turn. The motor and drive train take a beating in getting everything up to speed, more so than the ig recips which run slower. Some medium size rotors can turn over 4,000 to 5,000 RPM. Thats a lot of iron to bring up to speed. Even a reduced voltage starter equipped rotary tends to stress the power train.
Oil carry over can also be a problem. Separators are high dollar and tend to be in service longer than they should be. As they get to the end of their life they tend to let more oil thru and at the same time the pressure drop across them goes up. Higher pressure drop costs money.
The newer IR Sieria two stage rotarys have oil pumps, intercooler between stages and an effiency that rivals the big old two stage double acting recips. Air end life is very good in the two stage rotarys. I know of one in Iowa that is over 12-13 years old in 24/7 service, still running just like it came from the factory.
For a shop that runs even 12 hours a day with a need of 20 HP or less I still would lean towards the smaller 2 or 3 cylinder recips. Go with two pumps and a control system that alternates the pumps in a start stop set up, or one pump that runs all the time with unloaders and a back up pump that is set up to automatically start for the times when you really need the air supply. This also gives you a back up if one pump has problems, one rotary has all your eggs in one basket, so to speak.
The turbos, ie IR "Centacs" are high end machines that are set up for flat out running. They are a base machine. From what I have heard the two stage rotarys are starting to take market share from the Centacs, less cost to run and maintain overall.
What I am working on for my home/farm shop is 2 rebuilt IR 71T2's set up to run at the 5 HP rating. 71T2's can be run up to 10HP, at 5HP they will just set there and run forever (longer than I will be here)
, and be very quite also. Controls will be set up to allow either constant run with auxillary valve or start stop. They are rated at 175 PSI, I will probably run them at 145-150 PSI and then thru a aftercooler and then a drier. Yeah, I know, OVERKILL.
Sorry for rambling, tend to get on a roll when talking about air compressors.
Marshall