I ABSOLUTELY agree with cubby, you shouldn't use a long line like that to contain cylinder pressures, very dangerous. I am NOT a fan of the "Remote Regulators" that have high pressure hoses attached - a solid, positive, BRASS connection to the cylinder should be had at all times - primary regulator mounted to the tank is the way to go.
Is there a reason that you want high pressure all the way to where the kegs are?
You don't need 3000 PSI rated line to locate your CO2 40 feet from your keg or point of dispense as long as you send regulated pressures. If you need to adjust the pressure right at the keg(s) you could add secondary regulator(s) at the kegs and feed them 20 or so PSIG from the regulator at the cylinder.
Any standard vinyl CO2 distribution line would be fine. Micromatic sells 50' rolls of the 5/16" Red Gas line for $33.25 retail here:
50 feet Red 5/16" CO2 line
And a secondary economy regulator for $48.95 here:
Economy Seconday Regulator
There's your 80 bucks right there, give or take a buck or two, but you get what you need AND you have the peace of mind and safety that comes with havingh a solid regulator on your cylinder, as well as the fact that you get a secondary control at the keg for the same price as just the high pressure line...
Although I will ALWAYS recommend you shell out the additional $7 and go with the "Premium" secondary (the adjustment knob is SO easy to use by hand), and the build quality is much higher than the economy.
Premium Secondary Regulator - Heck yes!
As long as you are only running beer distribution pressures, you can use hundreds of feet of this line and be just fine wherever you decide to locate your CO2 cylinder and with a compressed gas, height is not an issue at all.