My answer may differ from what others have posted here, but it at least offers an alternative.
I've shot Ceramcoat and all the other "cheapie" craft paints you can find for under a buck at craft stores and walmart, and have had very good results.
That said, I generally use my external feed Paasche H, which is likely more tolerant of things than a very precise internal mix model (I have one of those too, but I don't use it much). I thin with alcohol, wiper fluid or windex - all seem to work well. Yes, you do have to thin them a *lot* the consistency of whole milk is the usual starting point. Even when thinned that much, I still get decent results (good enough to tape over and not get lifting - which is a pretty hard test!)
I've even shot house paint - yes the stuff you buy in gallon cans at Sherwin Williams. It works quite well, but again, this is generally when covering large areas with a big tip in an external mix AB.
Overall with this AB, I've shots all sorts of things and generally there isn't much it won't shoot with a decent result.
If your AB is external mix, there's nothing to lose as cleaning is very easy. Internal mix, then maybe the caution suggested by others is warranted. Even so, I'd still give it a shot and see how it goes. Nothing ventured, nothing gained. I seriously doubt "ruining" an AB is a real concern - about the worst that would happen is a tedious cleaning job.