Hello,
After applying a natural/clear stain, I applied a layer of water based sanding sealer using my smallest nozzle and a very small needle valve opening. The sanding sealer was an Olympic product (PPG industries) that was discontinued by Lowes. Although a low viscosity product, it did seem to "gum-up" the nozzle and air jet ports on the HF HVLP gun. But, the applied finish was pretty even. The final coats (2) are with Minwax Polycrylic, which seems to work really well in this HVLP system (using smallest nozzle and small needle valve opening). Using a larger nozzle with a water based polyurethane (Olympic product) resulted in an "orange peel" finish and long drying times.
Hopefully, that might be of help.
TTG