I also bought a great whacking magnet from Princess Auto to hold the mister on the backsplash of the lathe. Diluted out a gallon of coolant, hooked up the air and gave it a try. You have to open the mister full bore to get the coolant to draw from the reservoir and then you can turn it down to a whisper. I got it running and turned some steel. Even at the lowest setting, in 5 minutes I was soaked in coolant. The lathe was dripping everywhere. Even the wall beside me was dripping. The mister was working great. But I am very unimpressed. Not for me. It took an hour to clean everything up. Yes I am fussy.
I used WD 40 for aluminum and Tap Magic for steel and I will return to doing that. The Tap Magic sticks to the work and doesn’t fling all over. Oh well, worth the try I guess.