Ive used rivets extensively, with the very HF tool you mention!
In my experience, it uses very little air, so I wouldn't worry about beefing up your compressor, unless you're riveting incredibly fast ;)
It is important to decide what kind of metal you want your rivets to be made out of, stainless is great, but it is hard on the rivet gun, steel is also very strong, but may rust, aluminum is easy on the gun, and won't rust, but is not going to be as strong.
My HF gun would jam, as the arbors would get stuck in the part that bites into them which pulls them tight, after I had set the rivet. One trick I found was that after I pull the trigger and set the rivet, keep the trigger pulled, insert the next rivet into the end of the gun and push it all the way in, then release the trigger. This ensures that the old rivet gets all the way out of the gun.
Riveting is FUN! Best of luck!
Patina enthusiast and professional busman