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You can totally get away with water with a trans and razors. It would take forever to clog a trans finishing razors on it. You will get a finer result buffering the water with something else though....

Forgot to add you should true both sides and have one side be mirrored for razors, and keep the other side periodically roughed up with fine wet dry and decidedly non-mirrored for knives. Best of...

You want it lapped as finely as you can. If the stone is not flat, true it with sic powder on a granite or float glass plate till it is pretty much there and then switch off to wet dry on a plate to...