You have probably thought about this but, if you are using an air squeezer for the first time, are you sure you are using it correctly? Did it EVER work?
I felt the same about my CP type squeezer from Ishams when I first started using it but they asked me to check that I didn't have the dies set too close for the rivet length. That turned out to be the problem. I was more than two days trying to figure it out (won't say how long).
These squeezers only develop the full 3000 lbs or so of closing power in the last part of their stroke. Your instinct, if the squeezer doesn't seem to have enough grunt to set the rivet, is to close up the gap but this is wrong. The first thing to try is to open out the gap.
A squeezer with the capacity to set AD4 rivets needs to reduce the length of the rivet by 1.5 times diameter - 3/16ths, so it only needs enough power to deform the rivet during the last 3/16 of the stroke. If it encounters an obstacle (rivet) say 1/4 out, it may not be developing enough power at that point to deform it (still plenty to hurt your finger though, so watch out!), so it stops.
Getting the full required pressure (90psi usually) in the air line is another factor to check.
More experienced builders, please correct me if I am wrong here.