I've R&R'd both the front and rear suspension on my 190 with nothing more than an electric impact gun and hand tools, no need for air. Even the impact gun was a luxury. Leakdown test is another story, but a tiny compressor should be sufficient for that.

For 220, you would need a pair of adjacent slots on your panel, as the 220V feed is two phase. You can have an electrician wire a 220v socket, and it would probably cost three times the price of the compressor. While it's not hard to DIY, you can run afoul of local building codes (not to mention electrocute yourself). As for using your oven socket, maybe, if the plugs match. But how long is the cord on the compressor? If it doesn't reach, a two phase extension cord is not a cheap item.