Dragin Dakota
+1y
as far as speed control, you can use a 3/4" valve, but depending on how far your valve is from the bag & what size air line you run can play a big part in it too. A 3/8" dump right off of the bag could possibly be alot faster than a 3/4" dump that is at your tank & running say 3/8" line. I know that is a big streach of the imiganition & not very practical, but nevertheless another option.
So yes, if you do the 1/2" valve & the 3/8" valve in the identical location on the same bag, with the same size line, the 1/2" will be faster, but you will have alittle less control.