This is a practical application of compressing a gas
quickly enough so that it is approximately thermally
isolated from the surroundings. Useful for making
fire without matches.
The jig for cutting the O-ring groove is cute, but
I would just chuck up the 7/16ths dowel in a 1/2"
drill, put the drill in a vise and call it a lathe.
A 1/2" drill is not that hard to come by.
Another option might be to stick with Shedule 40 and
then somehow reinforce the last inch or two, which
is the only part that sees the highest pressures.
Also I would be tempted to scale the thing down from
nominal 1/2" barrel to nominal 3/8", just to make it
stronger, lighter, easier to carry, and easier to
operate.