Last week I honed and stropped my freshly-restored Wade & Butcher. It shaved well but was fairly rough. Somebody (chevhead?) persuaded me to strop some more instead of taking it back to my finisher, so I did -- I stropped another round of 60/120 (cloth and leather respectively) and then it shaved smoother than any razor I've used before.

My verdict: stropping makes a huge difference. Now I'd rather sell my razors before I'd sell my strop! I bet I could still shave with it, too.