I've been playing with various solutions to combine air and lube/coolant and have been having some success with gravity feeding the lube using a drip style machine oiler.
With the lube delivered at the air nozzle there is negligible airborne droplet creation but it's a bit of a pain to get the feed exactly right.
This is my latest metering system, now I just need to case the PSU and build the new nozzle system.
Attachment 25019
Attachment 25020