OK. First read Katmar's message 5 times.
Then assuming you're not a student and don't have anybody to talk to right now, I'd proceed with something like this, ... until you can find somebody to talk to...
Assuming you already have a fixed separator vessel size, and the air can be vented at intervals, (which may pull too much water into the separator too quickly, so be sure to check if you indeed can do that),
Calculate the air rate coming off the water in the separator. Initially the separator is full of water with say 10% air (by volume) at the top. The air fills the separator at your calculated rate. When you reach the point where the separator has filled with air to (I'd say) around 80% or so, you will probably want to vent, so put the air vent's OPEN level switch there at that elevation. The vessel will fill over the next interval to say about 85% water, which at that level you should put the air vent's CLOSE switch.
At 90% or so, you should have a HIGH LEVEL alarm.
At 95%, you should have a flow cut-off level switch connected to an automatic shutoff valve located at the water inlet to the separator, or somewhere else in the feed line.
Be sure to include a relief valve with the appropriate pressure setting on the vessel.
If you need a continuous vent, proportional air flow control to maintain a certain water level, you approach in a similar manner, but you would need an instrument, such as a continuous level monitor providing a proportional signal according to water level in the separator. The signal would then go to the air vent valve, such that the valve would be closed at lowest water level and open gradually until it would be 100% open when water reached the 80% level or so. HIGH level alarm and HI-HI shutoff w/valve and pressure relief valve.. still required.
Size the vent valve for the calculated air release rate from the water at the vessel's pressure when the water is low and the valve is say around 30% open, and then size using a full open Cv at the vessel's pressure at the high water level you calculated in the initial batched air release process.