MK:
Stymye has hit the nail on the head. an airbrush is another tool in your collection helping make your hobby work more enjoyable.
An Airbrush is a fine piece of equipment and worth purchase if you are planning on doing good detail work or are planning on using a lot of colors, or custom mixing your own colors. If you can answer yes to any of those then by all means purchase an Airbrush kit. I'm not firmiliar with the Testors set-up but knowing them it is a good basic set-up. What is the air supply.. compressor or canned Air? I could write pages on the air supply alone. I'll just say canned air is not really a good way. you really need a decent compressor for really good airbrush work. Another thing is to look for a kit that supplies at least 3 needle sizes, #1 for very tiny intricate details, a #3 for general average size detail and/or base coating work, and most important a #5 or #6 for Heavy materials and/or Base coating those BT-60 body tubes Stymye was talking about. The little 1oz bottles will not do for airbrushing an entire model, you'll need a couple 3 oz bottles and caps.
I'm a Sign writer and commerical artist by training, I use spary guns, air brushes and bruses all the time at work and a home
I currently run 3 air brushes at the house and at work. a Paasche and Badger single action airburshes for general work and basecoating and an Aztek dual action of fine artwork and super fine detail. Of the three I'd recommend the Paashe set as the best all around, and most user friendly airbrush on the market. NOTE. NO model rocketeer needs to invest the money for a dual action airbursh.. they are very difficult to learn to use and very expensive. any single action airbrush well do anything you could or would need in the hobby.
Like stymye said, you most likely will not replace all spray can paint applications, I use them as much or more than the gun or airburshes I have a my disposal. It's just quicker and easier to pick up a spray can. Not to mention you can do just as fine a detail work with a brush as you can with an airbrush. given a little practice and insturction, you CAN do intricate patterns and super fine detail with brushes and you can't tell the difference from spray paint application.
I hate to send folks to other places for MORE reading. but I did a 4 Tech-Tip series on primeing to finish painting model rockets. These are in the library section of Narhams.org web site. I think they may help you produce finished models that are as detailed as you want to make them and as smooth as glass
look as Tech-Tips 002, 004 & 005.
Heres a 1/65 F100 PMC that was finished with spray cans and hand brush work.
Hope this helps