It sounds like you are going to have a fairly significant load in the barn. Bear in mind that ratings of services to residences are based on not all loads being on at one time. In other words, a 200 amp service cannot actually carry 200 amps on a continuous basis. What kind of use conditions are you anticipating, will the compressor run at the same time you are welding, with all the lights on? Plus the potential need for expansion in the future. The other factor to consider is the 300' run to the barn. You will have to oversize the feeder to avoid a big voltage drop over that distance. I would look seriously into a separate service, but check on minimum charges and rates with the power company. Just some thoughts.
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