I'm not aware of any rules of thumb for sizing, I'd think the primary thing to consider would be how often you want the valves to cycle in the run of a day vs. how much room you have to work with.
As far as tips, I'd say don't use one if you can avoid it - sometimes you don't have a choice though. I'm not sure what your intended installation is, I mainly see them in field compressor stations used to inject condensate knocked out of the gas stream back into the gas downstream of the compressor. Now, when set up properly, a blowcase will give you no problems whatsoever. If not, constant headaches. In the installations I see, they're usually set up with an inlet coming from an inlet separator dump valve. There's also a balance line from the blowcase into the compressor suction scrubber, so you have to make sure the pressure that initially drives the liquid (separator pressure, in this case) into the blowcase is higher than the pressure in the suction scrubber, usually at least 5 to 10 psi. This isn't too hard if you're only bringing in liquids from a single source upstream of the suction scrubber, but if you're dumping from multiple locations, it can get tricky. Also, unless the suction scrubber is at a higher elevation than the blowcase, there's no way to dump liquids from the vessel the blowcase is balanced to.
Drive gas is usually taken from the compressor discharge downstream of the aftercooler. When the level goes high in the blowcase, control valves on the inlet and balance line close, and a control valve on the power gas opens, blowing high pressure discharge gas into the blowcase. The blowcase outlet, either with a check valve or another control valve which opens, lets the power gas drive the liquids out. In my case, that means I have to introduce another 5 to 10 psi differential between where I take the power gas from my compressor discharge piping, and where I inject the condensate out of the blowcase back into it.
The differentials on both the suction and discharge can usually be introduced with a simple restriction orifice, if you have relatively stable pressures, or with a globe for either manual or automatic adjustment.
Problems with blowcases, first it can be tricky just synchronizing the four or more control valves required. They can cause a lot of problems during a shutdown as well. For instance, if a blowcase floods, it will flood liquids down the balance line into the compressor suction scrubber, which will usually bring the whole plant down. Also, depending on what kind of pressure differential you have between compressor suction and discharge, when the control valve opens to admit power gas you could actually freeze off your power gas line by the JT effect. Another problem is there's no way to drain the liquid from the vessel the blowcase is balanced to, as I mentioned before. There's also the added space required for a blowcase, the additional mechanical joints & leak points associated with all the extra piping and control valves (more critical in sour service than sweet), the need for a relief valve on the blowcase sized for fire case. Both the PSV and blowcase may have to be registered with a governing body, depending on where you are (I'm in Alberta, Canada, they'd have to be registered with Alberta Boilers here), and be inspected every few years.
Blowcases do have their purpose, especially in condensate services where the liquid can be sitting at it's vapour pressure, and when set up properly do work quite well, but you have to look at them from every possible angle first, and still expect some trouble-shooting after it's installed.