This.Oxbreath wrote:nothing you can do will make it completely failsafe.
If it works at all, and students have or can gain access to it, without supervision... I guarantee that some student is going to find a way to cause a fail.
The only way to make this truly failsafe, is to not use it at all.
As they say, you can make something foolproof, but somebody keeps making better fools.
If you're using rated parts and keeping below their recommended pressures (which are there for this very reason), you have nothing to worry about, unless you attack the thing with a hammer while it's at pressure (see: foolproof).
In my experience, most people on this forum will strongly encourage ample safety with launchers, but there is a point of diminishing returns. Your earlier comment "I am not interested in your opinion about whether the launcher is safe at my current pressure", sounds like a large double standard to me considering you are asking the same people for help on making the gun "failsafe".
Your biggest concern with a rupture would be a result of throwing the gun while it's at pressure. You could perhaps build a spacer ring or two around the tank itself to absorb any accidental impact. The same way that propane tanks at service stations have bollards around them to stop cars driving into them.