Yikes - shooting 120 PSI compressed air into chilled water piping? Unless this system was installed to a pressure piping code (and I doubt that it was), I don't know that I'd make a habit of doing that. I'd sure never EVER do anything like that with plastic pipe. Speaking of which I find it to be mechanically fragile. People try to use it for ladders, or to rig from, and it breaks. I've seen a couple of pretty impressive floods inside buildings from construction insulators stepping on plastic chilled water piping, and having it break, while they were covering the lines. These happened during retro-fit work to the upper floors in an existing courthouse. Caused a LOT of damage.
If a system is in fact, "tight", that is no make up water is being added, then corrosion should be non existant. It's the constant supply of fresh water, full of dissolved oxygen and hardness that causes the problems. Unless outdoor air intakes are in danger of freezing, glycol is not normally required. In fact, glycol systems must be checked annually to make sure that it's not breaking down into acids. If water treatment issues are being considered (as in not-much, or non-existant water treatment), then glycol absolutely assures that there MUST be some level of chemical treatment. I've also seen glycol identified as the cause for bacterial problems in closed loop systems. Glycol causes at least as many problems as it solves.