I doubt that a compacted copy would perform any differently for you.
Do people often delete records in it ?
On big database files that go through a hourly backup schedule, compacting from time to time might bring something...
Hardly to be honest.
Back when i was developing the solution though, 1-2 tables with 30k records in but deleted before going live. Would this by the extra space that is taken up?
I'd only do it if there is any benefit.