One thing to consider, with outside venting…
If your shop is a conditioned environment,
you're pumping all that heat/cool air outside.
As for the rest, you can hook up a cyclone/chip catcher.
Pre-stage it to the blower/impeller.
First, pipe the shop collection to the outside, into a cyclone box.
Bring the cyclone exhaust back inside, into the blower section's intake.
Let the bags do their job, as a final, fine-dust filter.
I'm assuming, your goal is easier maintenance/emptying.
Noise-reduction, you're best option is an enclosure/closet
i.e. isolation of the motor/impellor assembly.
Ern
If your shop is a conditioned environment,
you're pumping all that heat/cool air outside.
As for the rest, you can hook up a cyclone/chip catcher.
Pre-stage it to the blower/impeller.
First, pipe the shop collection to the outside, into a cyclone box.
Bring the cyclone exhaust back inside, into the blower section's intake.
Let the bags do their job, as a final, fine-dust filter.
I'm assuming, your goal is easier maintenance/emptying.
Noise-reduction, you're best option is an enclosure/closet
i.e. isolation of the motor/impellor assembly.
Ern