Tamiya acrylics deliver the best results when well thinned. If you use an alternative thinner such as denatured (ethyl) alcohol or lacquer thinner, as noted above, you can thin it to the extreme. However, you cannot do this with the standard X-20A acrylic thinner. Go much beyond about three parts thinner to one part paint and it will bead and run, much like it does when thinned with water. There was a time when people used to recommend two parts paint to one part thinner, but that time has passed. Most of the range, with a few notable exceptions such as white, red, yellow and orange, have a very dense pigment load and can be thinned very liberally.
If using metallic Tamiya acrylics, you should not really try to thin much more than about three parts thinner to one of paint otherwise the metallic particles (which are pretty large in Tamiya paints) tend to fall out of suspension very quickly and clog your airbrush in very short order.
Everyone above seems to recommend 12-15 PSI, which is fine for a gravity feed brush, but for a Paasche VL, which tends to need more air, I would suggest starting in the 15-18 PSI range and adjust as required.