Robert -
I consider the means to eliminate water essential for my use, and the regulator is equally important, if not more. I use multiple paint types, from primers, to colors, to clear coats. The pressures I use vary with the paint types, as low as 12psi to as high as 25psi.
Every few passes I run the pressure up high and pull the trigger back to the max open position for just a quick burst, to aid in preventing buildup of material which can lead to "clogging" of the front airbrush bits, creating spitting and uneven finishes. This is easily and very quickly accomplished by use of the regulator control.
As Goldhammer pointed out they are available at several places, they don't need to be expensive to do the job well. Harbor Freight is usually a good source for items such as these. If you do use them, I'm quite sure you'll see the benefit very quickly. Good luck in sourcing them.
Patrick