Doesn't your Alkin have one already? Normally the HP separator is between the output and the media stack so one priority valves serves them both. Or am I missing something?
You are
There's a separate condensator on the SECOND STAGE outlet (third stage inlet), but the final filtration has the condensator/filter stack built into one. The condensator isn't even really a condensator as you think of it - the HP air comes into the filter stack and condensed water/oil goes to the bottom, where it can be drained out. The fitler media entrance is at the top of the cartridge; it is a double-pass (flow down and then up to the outlet) design.