Tim,
Yes, indeed: the larger the nozzle (and the corresponding needle), the more paint you can get through the airbrush in a given amount of time.
Furthermore, the larger the nozzle and needle, the less you will need to thin the paint before spraying. With a 0.2 mm needle, the paint will have to be quite thin indeed (the consistency of milk is an oft-quotd rule-of-thumb) to avoid clogging the nozzle; with the 0.5 mm needle you might, depending on the variety of paint you plan to use, be able to get away with next to no thinning, or even be able to spray straight out of the tin.
If this is your first experience of a double-action airbrush, is is very important to practice to the level of automatism the proper sequence of painting, namely this: air on, paint on, paint off, air off.
In other words, first push the trigger straight down, to open for the air, then (and only then) when you've got the air flowing, pull the trigger back to open up for the paint. When stopping, first let the trigger back to where no paint comes through, but keep the air flowing, then (and only then) let the trigger back up to cut off air as well.
This helps against paint splatter at the beginning of the sequence, and stops paint from pooling just behind the tip of the needle and either clogging it, or splatting when next you open up again.
If the first job you'll tackle will be painting a hull, yes, I would definitely say, go for the 0.5 mm needle! Depending on the hull size, I would still recommend that you go slowly, and put the paint on in whatever number of coats you need to get good coverage. An airbrush gives much better control than a spray can, but it does not cover a surface anyway near as quickly; on the other hand, if you take your time, you are likely to get a very nice result indeed!
Also, make sure either that you have got proper extraction in place, or wear a good half mask with the appropriate filter(s)! An airbrush will produce extremely small particles of paint and solvent, that you cannot avoid breathing in, which, given their tiny size, will be able to reach the furthest, finest branchings of your lungs. If using waterbased paints, a good particle filter will be enough, but if there is another solvent than water involved, the addition of a gas filter is strongly recommended.
/Mattias
Edited By Banjoman on 13/06/2016 13:24:19