There's not much of a difference between the two, and they can be used pretty interchangeably. In general, "acceptable" means that something is able to be agree on, while "suitable" is right or appropriate for a particular person or situation (these are the definitions from google). The difference truly just becomes semantic at a certain point. For instance, it's more common to say that toys are suitable for children ages 3-5 rather than acceptable to children (unless, of course, the children are judging the quality of the toys, and they find the toys agreeable). Also, whenever talking about limits to something, "acceptable" will typically be used. You would never say "a suitable amount of lead in the drinking water is xx." You don't want any lead in water, right? So instead, it would be better to say "an acceptable amount of lead in the drinking water is xx." I hope this helps a little!