The micron size of the powder should be printed right on the box. As far as not being a bad thing to have too much powder on the last pass through the press i have to disagree. Ive seen customers reject jobs because the sheet felt like "sandpaper". Too much powder also makes a mess of your press delivery and finishing equiptment. Lastly too much powder can cause other issues in finishing.
The best way i know to get the powder settings right is to take a look at the 1st printing unit blanket during various intervals while backing up a job. Id check it first at about 1000 sheets. At 1000 sheets you should be able to notice a light and EVEN dusting of powder on the first blanket. I stress the word even because if the powder seems heavier in spots its usually an indication that either your powder unit needs maintenance, adjustment, or repair. If all looks good at 1000 sheets then just keep printing till 2000 sheets, then stop and check the 1st unit blanket again. By 2000 sheets you should be able to definitely see some powder on the blanket. If you dont id think that either you need to run a little more or than your unit was in need of maintenance, or repair. If all looks good at 2000 then id run until the buildup got so bad that you needed to clean the blanket. Hopefully you wont have to do that until at least 3000 sheets have been run. If your having to clean the blanket before 3000 sheets, and when you do clean it you see that the buildup is even across the entire blanket then its just a matter of turning down the powder dial a bit. Of course there will be that occasional job that will require more frequent cleaning (for instance black halftones or black screens) but for the most part you should be able to go at least 3000 sheets without having to stop to clean.
Remember that if the buildup is not even across the full sized sheet you need to remedy that issue. Keep in mind that the sheet is turned over and the area of light powder, or heavy powder, as the case may be will now show up on the opposite side of the blanket when backing up!!!
Once again i cant stress enough the importance of the proper drying combination, and a smooth and well jogged delivery of the sheets on the first pass in all attempts to getting your spray powder use down.
On a final note id like to say that you can have state of the art presses, the very best prepress, a top quality sheet of paper, and the most beautiful images, go to waste in the very last operation of a final printed sheet by faulty powdering. Powdering is in my opinion, definitly not the area to be looking to save a few bucks, because all you do before the sheet hits the powder nozzles can easily be negated by this seemingly insignificant and "low tech" part of the equation.