DIY Paint
Paint, my area of expertise! Sorry guys, been away on business travel or I would have chimed in earlier.
Shucks yeah, you can make your own paint. Just don't expect it to compare to what you can buy. Paint companies support expensive R&D labs and pay chemists good money for their work. Don't think for a minute you are going to outperform them on your kitchen stove with bucket of linseed oil! But if you must, paint can be made at home. Many a fence and barn in the past two centuries were painted with homemade paint - whitewash.
Like most anything, this subject could get quite complex if you really want to dig deep into the details. Dispensing with the detail I'll try to answer your questions.
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- Would a paint made using oil paint that I can get anywhere (I have some for weathering that I bought at Wal-Mart), linseed oil, and lacquer thinner even work, or are the oil paints incompatible with the other two ingredients?
Maybe. You are correct about concern for ingredient compatibility. Furthermore, they may not be complimentary i.e. no advantage to combining them. You definitely don't need the linseed oil. It is a very old organic binder drying oil. The oil paint you buy already has a binder, most likely a long oil alkyd. Linseed oil is best used stand alone such as in finishing fine furniture or musical instruments. It will polymerize to form a film but is incredibly slow at doing so. That is why it is always used in a very thin film application - hand rubbing into hardwood being the most popular.
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- What properties would such a paint have? Would it cover well? Would it go through an airbrush well? How thin and even a coat could you lay down?
All oil paints are naturally slow drying. Dryers such as cobalt are added to speed up oxidation for faster dry times. Homemade oil paint is likely to be very, very slow drying. Japan dryer is a consumer available cobalt drier that may help.
Coverage (hiding) is a function of pigment loading. More pigment = more hiding. There is a limit to how much pigment you can add to any given binder (drying oil). Every pigment particle you add requires wetting by the binder. This wetting uses up some of the binder's gluing property leaving less to provide adhesion to the substrate and cohesion of the film. It is a trade-off. Too little pigment and the paint will require many coats to achieve hiding. Too much pigment and you will have a paint that will not stick to anything and will crack easily. The maximum pigment load a binder can support is defined by its CPV rating - Critical Pigment Volume. You will have no way of knowing the CPV of your homemade binder so it is best to keep the pigment volume low. Hiding will not be stellar in homemade paint.
Flow through an airbrush is a function of viscosity. Add enough thinner and any paint will spray through an airbrush. Likewise, adding thinner will result in less final paint film thickness.
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- What effect would varying the proportions have on the paint? Specifically, (since I assume that the thinner just makes it, well, thinner) how critical is the ratio of pigment (or artist's oil paint, in this case) to binder (linseed oil).
Refer to the coverage comment above.
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- Would a more modern product, such as polyurethane varnish, work in place of the linseed oil? I suppose I could just try it, since I have plenty of varnish, paint thinner, and oil paint on hand, but I'd be curious to hear form someone who might actually know what they're talking about.
Yes. Polyurethane varnish would be a vast improvement over linseed oil or alkyd varnish in creating your own paint. Single component consumer polyurethanes are cured by moisture in the air. Expect the curing time to be directly related to the humidity level. An even better alternative for hobby applications would be solvent borne acrylic clear coat. It dries by solvent evaporation so is fast dry. You could stir in pigment and have an excellent homemade paint.
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- What about a water-based variation, using acrylic paint and water based polyurethane?
Wouldn't recommend you mess with waterborne. Too many pigment/water undesired reactions to contend with. Waterborne paint formulation is much more of a finicky process than solventborne paint formulation. Pigments intended for waterborne formulations are often surface treated so they are compatible with water. Even the acrylic or urethane binders used in waterborne paint are not by nature compatible with water. Acrylic/urethane resins need a special treatment so they can be suspended in water. For homemade paint anything more robust than whitewash, stick with solventborne binders.
Try this on for size:
Create Binder
Place clear acrylic beads (from a craft store) in a glass jar with a small amount of toluene, xylene, or MEK. After the beads melt add additional beads or solvent to achieve a honey viscosity.
Prepare Pigment Dispersion
Using a small amount of the binder you just created, add solvent until the mixture is water thin. Slowly add dry artists pigment stirring vigorously and constantly. Add pigment until you detect a slight increase in viscosity.
Blending
Slowly stir your newly created pigment dispersion into the binder from step 1. Add very small amounts of solvent periodically as you add the pigment dispersion. The solvent in the pigment dispersion should be doing most of the binder thinning. It will be a slow process, be patient and keep stirring. When finished the viscosity should be similar to pancake batter.
Additive
Put in a single drop of silicone lubricant for each ounce of paint. Stir vigorously.
Filter
Strain the resulting mixture through a fine mesh (women's panty hose) to remove agglomerated pigment.
Application
Brush on or thin with solvent to a sprayable viscosity and spray through airbrush. Apply in thin coats. Paint will be very fast dry.
Congratulations! You just spent the afternoon making a very poor replacement for what you could have easily purchased in a little bottle at the hobby shop.