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Full blown mininal is razor, strop, and barber hone. Oh, and you need to include soap and a brush. I don't consider the brush to exceed the minimal cutoff.

Yup, that's the one, though I thought is cost less than that. I have not used one, but I remember JimmyHAD recommending them for raising slurry.

Okay, you weren't as minimal as you had suggested. Be careful with the DMT 1200 for slurry. That grit is not intended for lapping so if you do use it for that, use a very light touch.

A cheap...

I think you'll be fine. You'd probably be better if you A) cut an end off the stone to use as a rubber or B) get one of the cheap (<$10) credit card size DMT plates. Either will allow you to create...