Airbrush
I use an Iwata Revolution. It's about $125. I can get lines out of it that are a half millimeter in width and still paint an HO locomotive with just a few passes.
The thing I really hate about those Harbor Freight airbrushes is that they are NOT gravity-fed. In otherwords, they suck -- the paint, literally out of the cup or jar. This is known as a siphon-fed airbrush.
So what does this mean to you as a modeler?
You'll use a TON of paint just to get the airbrush primed before it will paint
anything. The paint has to travel up that tube that is in the jar or the cup, through the tube on the bottom of the airbrush, then through the airbrush. That's ALOT of paint to use
just to prime the damn thing. What if you are wanting to paint a very small part that in reality only uses a half a drop of paint? You are going to use up 40x that amount just to prime the airbrush?
I like the gravity fed airbrushes with the cup permanently mounted on the top. I can literally put two drops of paint in the bottom of the cup, put a drop of thinner in it, backfeed some air through the brush to mix the two, then paint a small part. A half a cup of thinner and I am ready for the next color.
With siphon-feeders, there's a lot of wasted paint that sticks to the sides of all that tubing. That all has to be cleaned before the next color goes in the brush. They do have their place, like painting the sides of G-scale rolling stock and locos. That big bottle holds a lot of paint!
Once you use a gravity fed brush, you throw the siphon-feeder in with the garage sale stuff.
Here are some good inexpensive airbrushes made by Master:
http://www.usartsupply.com/airbrush/abdbrand.aspx
--Jon