Through a pressure pot latex will work well. The pressure in the pot is delivering the fluid to the nozzle and air cap. The burden of getting the fluid to the tip is taken off the turbine.
I had grief with a friends Capspray 10,000, nothing wrong with the unit, ended up being a restriction in the fluid hose. Ya gotta keep 'em clean. Other than that, it is a nice unit.
Eric, I just found this;
http://www.eastcoasttoolsma.com/index.php?main_page=product_info&products_id=12310
If that is a current ad and a valid price, I highly recommend you go with this unit. I believe it will do all you want it to do. In the future you can up grade the gun if the need arise. As I said, I shot with it and once the hose was cleared it worked very well. It is basically a compressor, pressure pot and an HVLP gun on a cart.
Tom