Hi
I use Tamiya and MM Acryl acrylic paints exclusively for airbrushing. I also use an Aztec a470 dual action airbrush. I usually thin it with distilled water, or with Tamiya thinner. I would imagine that the MM one works fairly well. I know that Vajello paints can be thinned with just plain old tap water. To be honest, I've done that enough times with my own paints, but the results are better when thinned with distilled.
As for cleaner, I'm sure acetone will work, but it's unneccessar. One cleaner I've found ideal for acrylics is Windex. After each spraying session, I run some thinner through then clean the AB normally, and leave the nozzle (separate it into it's two parts) soaking in a film container of Windex for 24 to 48 hours. After that, rinse with water, and it's like new.