I do have a couple of questions and observations however.
1. Why acetone? Would ATF and kero work just as well?
Well, no. Solvents are characterised by their 'polar' properties, e.g. hydrocarbons [the major components of ATF] are essentially non-polar, and water is very polar. Acetone is fairly polar, but will still mix with ATF, and will wet 'polar' surfaces. It will also act as a 'coupling solvent' in this case, and help absorb any free water that's around into the fluid.
2. In hot weather will the acetone evaporate too quickly leaving just ATF? Your from Townsville, Ian, how do you find it?
Pretty much. You could try a less volatile solvent in the ketone class, e.g. MIBK [PVC pipe jointing primer -
not the glue].
3. I'm a little wary of getting the mix on enamel or acrylic paint as the acetone will soften it?
Yes, it most certainly will.