Jeremy, IME you can look at an edge with the naked eye and it will appear to be fine. Take the same edge and put it under magnification and there may be micro-chips or other anomalies. So for me an eye loupe or a microscope is as necessary as my waterstone.
I once set a bevel on a razor and was doing the TNT to see how I was progressing. By the results of the test I was ready to move on. I looked at the bevel with the loupe and it had chips that I couldn't see with the naked eye or feel on my thumbnail. So it was back to the bevel setter to further refine the edge. I wouldn't have known that without the magnification.
Here is an eye loupe I bought and have been very happy with. The same outfit sells 30x loupes that are much cheaper but I wanted good optics and this one has delivered the goods. Some guys like the hand held microscopes such as this one
here but I have no experience with those. I've got an old B&L stereo scope that I have for other applications that works for me. I highly recommend a source of magnification of some kind.