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As has been said, you should stay on the 1K until it is sharp. This cannot be reduced to some number of circles or X-strokes; the bevel isn't set until it is set. Again, it should be shaving sharp...

As to the chips, what stone causes the chips? If it's on the 1200, then use the 4K to reset the bevel. I've never used a 4K King but if it's anything like the King 1K it will be a slow stone and...