If I were you..... here is the deal.

You can "y" your gas lines together.... One y on your 02 , one y 0n your gas..... so you have one
for each of the propane , and 02 ports/barbs.

as you stand behind the torch , the small ports on the left , and on the top , thats your 02. the
bigger ones on the right , thats your gas.

If I were you , forget about the air for now. It helps with a softer flame , But I doubt you would
ever notice anything to start. leave the air line off , leave the valve closed , no need for air yet.
(will hurt nothing )

Yes you need regulators for your tanks, and flash backs on your regulators before the hose.....
"b" fittings are the size threads to ask for, for the normal hose for wielding torches...Get "t"
grade hose , cheaper "r" grade will degrade and may clog your torch over time (I have run "r"
grade in a pinch )

Wielding stores have the y 's with "b" fitting threads to screw to the hose, they will have the flash
backs , hoses , all that stuff. use some kind of hose clamp on the barbs of the torch.... you will
have to cut off the b fittings on one end of your hose.... If you cut the hose right , one half does
one line after the "y" the other half does the second line from the "y" to the torch..... cut hose
slides over the barbs......

so 2 "b" style fitting "y" connectors, one for propane one for 02 ......
2 SETS of hose, one set goes from the regulator/flash back to the "y" the other hose was cut in
half , one half screws on each of the "y's" going to your torch.
I would set the regulator at 3-4 psi propane , and 25-30 psi 02 to start.
o2 flash back
gas flash back
gas regulator
02 regulator
4 hose clamps for the barbs on the torch
25psi 02 on the regulator
4psi gas on the other regulator.

Remember that gas lines have a small slit on each union nut , gas lines are threaded
backwards.... you will need the gas "y" and a o2 "y"

your torch is almost exactly the same as a cc..... its the same as a cc+ minus one out side ring of
ports.... Your torch is about a 18mm face. A cc+ is 33mm. A cc+ is a BIG torch with BIG gas
use.... your torch should use a good amount less. Your torch and any cc or cc+ with 4 barbs.....
is set up exactly the same. They may even want the same gas pressures. That's why I suggested
carlisle pressures.