From what Ive read it's not that the gas is dirty, but due to the moisture and general fact that it doesn't matter as much for CO2, the tanks themselves are usually dirtier on the inside. If on airtools you should oil and filter anyways its cheap insurance.
True again, it's the regulator that makes the difference as to if this will work, some reg seals don't like CO2 especially liquid.
He's on a roll with the facts. Note that it will not only freeze in the bottle, but will freeze the tools you are using, sometimes causing damage. Was common in my paintball days, not sure how air tools would handle it. Also can give you a nice case of frostbite if you are holding on to the bottle at the time.
Something I haven't seen mentioned but I might as well throw it out there. At least here, after a certain size limit, a tank of either usage needs to be hydro tested I believe 5 years after the stamped date on the tank. Usually stamped on the metal CO2 tanks and inlaid in the resin of the carbon fibre of the HPA tanks. Otherwise it is illegal to fill them if they are past that "expiration" date. They will usually not be filled if there are "aftermarket" stickers, paint or annodizing as previously mentioned.