John, that helps a great deal.
I've been spraying 3 sets of 2 light coats (6 total) based on some advice I had read. I'm still relatively new to the Wagner, and to spraying, and I've noticed quite a swing in the amount of Timeless used. Now that I'm getting better, and more consistent, at setting the gun I had wondered where in that spectrum I should target. I was a actually a bit concerned about not putting enough coating on, although everything has come out looking great.
I will target my spray to be slightly denser than the lightest setting I can achieve with the Wagner, and go with three coats. That will save me a great deal of time and effort.