the short answer is no
it does not atomize the paint the same way we need , I am sure someone will come on and say it will work, but as a painter( both cars and houses) They are not made to work with the materials we use.
That said, will it spray paint, yes, could you use it to paint models,,, yes, is it a good solution, no, just like the Preval spray apparatus, it will "work" but it wont work!