The key with the liquid CrO is to put it on evenly and really spread it out on the felt. I think it works fine and I have a felt one on my honing table for the flatbed. You can also dab a little powder on following the Japanese Sharpening method. I also use the diamond spray on both the felt pad and strop. The new 12 carat spray from Keith is really good stuff. I think a thin layer of the CrO paste on the leather will also work as will the Amplex Diamond Paste applied very sparingly on the leather.
Have fun.
Lynn