no more than 50psi oxygen and about 4-7psi propane.
make sure you have a single stage 2 gauge oxy regulator that goes to at least 80psi [ie cutting reg] .
no real need for dual stage reg plus they are more expensive
note that propane or acetylene regulator will not show a great amount of bottle pressure if using propane , so in other words you might think bottle is empty when it actually isnt, its just that none of the gauges available show much bottle pressure with either fuel gas even on a new bottle .
1/16" PNM nozzle will cut up to 6" thick but i doubt youll go that thick , realistically youll only need 1/16" nozzles for almost everything .
if you want to heat materials there are heater nozzles available for propane use but not for acetylene .
get decent quality nozzles for best performance ie OERLIKON , or use PARWELD slightly cheaper .
if you are just cutting flat plate and want decent quality edge of straight lines etc then you may like to look at an EVOLUTION CIRCULAR SAW at 140 quid , this is like a normal wood type circular saw but can cut mild steel up to 10mm thick and also can cut aluminium and stainless steel with different TCT blades. each blade is 18 quid and will cut 80m length of material before resharp or new blade is reqd .
it will cut plate at almost same speed as you cut wood with similar machine .
hope this helps