Zradix, I think most folks feel as you do, and I did at one time as well. What convinced me to switch to an air sprayer back in the day was the quality of finishes my mentors were getting on their bows.
Honestly, sure like anything new, there's a learning curve, but this isn't much harder to get good at than learning to use a rattle can properly or wipe on finish... and I'd venture to say it's easier to achieve top quality results this way. Once you're reasonably familiar with it, 2 or 3 bows, you'll probably wonder why you didn't do it sooner.
Anyhow, go check out their site. There's a 'How to apply' page that gives you an overview of the process and offers suggestions on prep, the best size tips to use, thinner ratios, cure times, etc. And of course if you have any questions not covered there, those of us who use it will try to help.
I'll add this. You don't need fancy expensive spray guns and compressors. I use cheap spray guns... generic touch up or 'jamb' guns for 20-30 bucks at the local discount store, use them for as long as they last, for a dozen or more bows, just rinsing some cheap lacquer thinner through them, then pitch them when they get gummed up and go buy another. I'm not tearing them down and changing packing, gaskets, rods, tips, and all that for 20-30 bucks... ain't worth it, and those guns do a great job, so I'm not buying expensive guns.
I thought I would have to have water separators and filters throughout, and it's not a bad idea. But I bought them and have them around here someplace, but I never got around to putting them on my 'system'... and guess what. I've never had an issue with water getting into the finish and causing fish eye, orange peel or any of that. Just compressor, regulator, hose, gun. Maybe I'm just lucky :^)
Maybe when I get ready to spray my next couple of bows, I'll do a little 'spray along' thread so you guys can see what's up.