The difference between a paintball canister and a propane tank is in the contents. A paintball tank has either nitrogen or CO2, both of which are inert and non-combustible. Propane on the other hand is EXTREMELY combustible. So if a paintball tank ruptures, you get a bang and some small shrapnel. If a propane tank ruptures, you get a bang and a boom and a big fireball that will barbeque anybody nearby.
Again, its not the tank, its the contents and potential scale of disaster in the worst case scenario for each.