I've been planning a similar thing when I build a wall to put it on, but just for the compressor and not a plasma table..
I'd do the loops horizontally instead of vertically, and therefore get rid of all but one ball valve drop for loop drainage at the low point. Might be more cutting/soldering and more elbows depending on the layout and available vertical wall space, but elbows are cheap compared to threaded adapters, tees, and ball valves. My internal engineer says there may be marginally better cooling with horizontal loops, but probably not a measurable amount.