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I have done it a few times with a 12k Naniwa, and the results were pretty good. I will have to experiment a bit more, but this technique has some potential to it.

Cost! Only the very edge of the tool gets polished to the final grit, and the primary bevel stays rough ground. Faster, and cost efficient. Set a bevel on a 1k stone, put 2-3 layers of tape on it, do...