I'm not sure exactly what type of acid etching you plan on doing, and different types require different dilution ratios. Most of the different ratios have been discussed on this board and in various step-by-steps and other instructions. Keep in mind that most all of these ratios are calculated from a 48%-52% strength acid. I have heard of the stronger 70%, but have never seen or used it. You're going to have to recalculate the amount of dilution if you're following most of the instructions that have been noted here.
Safety is a concern, but I don't think you need to wear a space suit. Like I've said, my table saw instills more fear in me than working with acid. I have a nice "Acid Lounge" here in Machine that I do my acid etching in. It has a positive air flow which directs the fumes away from me. Working with a volume of liquid acid is trickier than doing mica etching. If you ever plan on doing liquid etching (no mica), construct a tilt off table to pour off the acid. NEVER try to pick up the actual piece of glass or vat to pour it off...you WILL spill it!
Here's a picture of the one I fabricated:

Notice all that protective equipment...two pair of gloves is about it. ...and a fan.
I'm not sure where Rick Glawson got his acid etching sandals, so I just wear my boots. I've acid etched for 20 years, haven't got any on myself yet...where's that "knock on wood" icon?
I typically do my acid etching after hours, where there's no distractions. Follow the directions...ask questions when uncertain, don't be in hurry, stay focused at the task at hand, and you'll be alright!
-AHO!