Avery Tools sells an adjustable set holder for pneumatic squeezers.
http://www.averytools.com/prodinfo.asp?number=274
I bought one for mine. It makes the adjustment for different rivet lengths much easier.
If you sloooowly activate your squeezer like your are going to set a rivet, you can measure how the dies are set. Do NOT slam it to the stop, just let it slowly extended. You can gauge if it is close to setting the rivet to the proper length by holding a rivet next to the space between the dies. I hope that makes sense.
If you try to set the rivet and it is not set to the correct length, adjust the set holder and reset the rivet. With a squeezer you can set the rivet a few times. Of course, the rivet will start to harden so more than just a four or five attempts would not be good. You should be able to finish in no more than three attempts.
As others have stated, practice on some scrap. Ten or twenty rivets are nothing. They are sold by the pound.