Hi Dave.
Its very easy to drive yourself mad researching this as Im sure your finding.Different manufacturers recommend their own ratios etc, and you end up going around in circles.
The best advice I can give you,after initally doing the same sort of research into ratios as yourself, is to go for a consistency roughly equivalent to milk. Test your mixture on an old kit or a plastic bag before you go anywhere near the model.
At the end of the day, its all down to personal preference.Only after practice will you find a pressure and ratio that suits you and the paints your using.
If you look to get a milky consistency to the paint thats half the battle.
Personally,,my very rough mixture is about 70/30,I spray at about 10psi. I use Tamiya thinners with Tamiya acrylics.Humbrol thinners or household white spirit with enamels, and water with Vellejio paints. For priming I use grey Plastic Primer from a motor spares stockist in the UK.(Halfords)
Hope this helps a litle and doesnt sound too vague.
Nige