1:1 is good if that's what the supplier specs.
120 gallon tank is great! that should have more than enough capacity.
Leave the compressor regulator set for 95psi. Set the pressure on the regulator at the input to the gun to 2.6bar. I don't understand the pressure regulator on the gun itself. None of the guns I've used in the past had one.
"I think I need to leave more time between coats as well, I did the three today as almost one constant coat starting on one side covering the part giving it a quick look then doing it again. I will leave more 10 minutes between tomorrow."
That is you problem. The tech sheet says 15-20 minutes between coats to flash off. 10 minutes is too soon. Because of the humidity, you need to go closer to 20 minutes.
If you're worried about paint drying in the gun, I would do this: Get a gallon jug of lacquer thinner and an empty gallon jug. As soon as you finish painting, dump the cup back into the paint can. Pour about 125ml of the lacquer thinner in the paint cup and slosh it around a bit.
With the air disconnected, pull the trigger and let the thinner run out the nozzle into the empty jug. When it all runs through, connect the air and put a 125ml in the cup and spray it through. Catch some of it on a rag, and use the rag to wipe off the surface of the gun. When the cup is empty wipe the inside of the cup and set the gun aside for the next coat.
When you fill the gun for the next coat, a couple seconds of spray will flush out any of the remaining thinner before you go for the part.
I can't overemphasize how important flash time is to getting a good paint job.