I am not sure I would spray in the cold as the paint can go a bit funny. Perversley I have had more problems in the hot, as the compressor has a thermal cutout to stop it overheating, and it does. BUT as Paul says, you cant beat a larger compressor with a decent size resevoir.
Mind you, Paul obviously has a luxury carpeted and heated workshop and so doesnt have to stop beavering away in the winter!
Ashley (owner of draughty unheated shed/workshop) (and not allowed to use the kitchen)