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Bruce,

My balsa wood is just cut to the same size as my Norton stone and I place it on top of plastic hone box in the same way as using the Norton.

This works just fine. you have to make sure...

I like Balsa because it works well. I have tried Paste on a leather strop and it works but not as well, but this could be technique rather than anything else. That said it is also very easy and cheap...