It is very important that you have a compressor that that has sufficient cfm's to work the gun. The 10 psi at the tip is considered ok for atomization of the fluid. Having said that the size tip is also very important. For latex usually 1.2- 1.4 tip is required...check paint specs. and gun specs for these tips.
I sprayed exclusively with hvlp both turbine and conversion guns with excellent results, using all types of finish.
http://www.gleempaint.com/hvcongunnew.html has a great gun for beginners, and will work with with a smaller compressor..read the accompanying article and check out the tip sizes.
Ed