But they are sold through Iwata as an inexpensive alternative.
Air Gunsa is made in Italy, and is NOTHING like an Iwata gun at all. I see sellers out there representing Air Gunsa part numbers (like AZ3HV2, for example) as Anest Iwata guns. THEY ARE NOT!
In my opinion, the Air Gunsa I tried was poorly made, and sprayed even worse than my old Sharpe SGF.
As far as I have seen, the least expensive Iwata gun that is out there and readily available is the LPH440. It is designed as a primer gun, but the one I have also shoots sealer and even single stage fairly well.