Hi Dave,
A separate breathing supply would have been really nice to have.
I found the Polytone system easy to use, but the chemicals smell awful to work with, even with a mask. They're not as dangerous as a two-pot paint system, but still pretty nasty to breath for extended periods, even with a charcoal filter.
I used a 2.5hp compressor with a standard middle-of-the-range spray gun. It was perfectly adequate. I can see that HVLP would almost certainly be better, and save lots of over-spray. For a whole aircraft or two, I bet it would pay for itself in paint savings... Maybe not if you already had the basic set-up, and you're only doing a few small jobs, like tailwings.
Painting sheet metal with Polytone:
You definitely do need to follow the manual's advice on using the EP primer underneath and spraying Polytone into the tacky primer. It peels off in sheets if you put straight Polytone on metal.
Don't let the primer tack up too much, else the layers wont join very well. If you can leave a fingerprint in the paint without getting sticky fingers, you waited too long. Better to let it dry, and spray a little more EP primer, than to have your paint flaking off in 6 months time.
There is no need to go thick with the EP primer, a little goes a long way. Runs are hard to fix, but being a little light on the EP primer really doesn't cause a problem. You don't even need 100% coverage - any subtle "orange peel" pattern in the primer soon blends out with the Polytone, and provided there the surface is 90% covered with micro-droplets of primer, the finish will still adhere as well as EP primer can. That depends a lot on your prep of the base metal.
DO NOT forget to scratch up the metal really good, with a red Scotchbrite, before applying the EP primer. Otherwise, the primer can flake off when flying in the rain or hosing the plane down. This goes double for smooth composite finished parts, such as fairings.
Note that even when mixed and thinned perfectly, the EP primer runs much more easily than Polytone, especially on vertical surfaces and smooth surfaces. Just a fraction of a second too much spray will start the EP primer beading up into drips, on a vertical. But - if the surface is flat and horizontal, you really have to drown it to get the paint to run. Polytone is much more forgiving in all situations, especially when you are spraying it onto the silver. Just don't get sloppy
If you are painting red or yellow finish colour, you need to remember to use a while primer and white Polytone base layer. This gives the bright, even finish you expect. Using other colours means the primer tones show through even 4-5 coats of yellow / red - and you end up repainting the dull looking surface

White is very easy to paint and get a good finish.
Jonathan