This is a good question.
An Al80 tank holds 80 cubic feet of air at 2640 psi. If you submerged an Al80 in a bathtub it would displace much less than 80 cubic feet of water, maybe 1.5 cubic feet (maybe you ment "how much space the tank takes up" by "external displacement").
A LP104 holds 104 cubic feet at 2640 psi.
Here's a handy list:
HP80 80 cf @ 3500 psi
HP100 100 cf @ 3500 psi
HP120 120 cf @ 3500 psi
LP80 80 cf @ 2640 psi
LP95 95 cf @ 2640 psi
LP104 104 cf @ 2640 psi
LP121 121 cf @ 2640 psi
(In other words, high pressure tanks are rated at 3500 psi, low pressure at 2640 psi.)
So, how much air does a HP100 have in it at 3100 psi? Just take (3100/3500)*80 = 88.4 cf.
88.4 cubic feet is roughly the space inside a 3.5 x 3.5 x 7 foot closet (maybe you ment "how much space the air would take up outside the tank" by "external displacement"?). All the air in that closet is stuffed in that small tank. Pretty cool.
Hope this helps.
-Katrina