In my ignorant opinion, a hanging strop is best. I have been honing my own. I started taping the spine because I wanted to save on wear while I try to get it right. It also seems to be easier to get a good edge by adding more layers of tape on the spine with finer hones, creating a bevelled edge. I think some professional honers also tape the spine. With an edge honed in this way, I don't feel the paddle strop comes into good contact with the edge, unless you are going to tape the spine to strop the razor, which seems like a pain to do every day. For me, the hanging strop seems to work better.