Welcome to the forum Scott
Personally, I use the Tamiya Thinners, although it is a little expensive. I have found that it is the best to ensure the pigment is properly broken down.
After all, you spend AUD$50+ on a Tamiya or DML kit, maybe a small fortune on PE and replacement tracks if you are that way inclined, another AUD $4 for each jar of Tamiya Acrylic paint, why then skimp on the AUD $1-$2 worth of thinner that you will use?
Thinning ratio depends on your airbrush and the colour you use. I find that darker colours can be thinned better than the lighter ones. I use an Aztek, and although a few people bag this brush, I have found it far superior to the Badger I have and the Paasche my friend has and I have used. Testors (Aztek) recommend the consistancy of milk (they don't say full cream or skim!). I judge it by eye, but test on scrap before touching the kit.