Definitely no Talon. Check the following picture I put together; you're really kinda sorta wasting Aux 1 and 2 by using lights. I would bet you don't need anywhere near 30amps for them (and I'd also bet you want a fuse to pop long before they draw 30amp if something does go wrong). On the other hand, this compressor will draw 19amps and as you can see Aux 3 and 4 cant handle that much current.
As for protection... I just don't think its needed guys. These are sealed units. You're paying a premium price for a compressor that's warranty'd not to have issues with water or mud or dust. If you're going to cover it, you might as well save a hundred bucks and go with a non sealed equivalent. Mine's been under the truck right behind the front wheel, 15" off the ground thru rain, mud, lots of dust and a ton of standing water. Other than loosing the air filter, it still works like a champ.
PS: A box is probably a bad idea for another reason... this compressor puts out a LOT of heat when in use. It needs air flow around it to stay cool. A box will stagnate that air and might do more harm that good with the subsequent heat build up.