Gentlemen-
Asking this question before buying would have been the smart thing to do, but where's the fun in that!

On the way is an SRD double hard wool felt strop (I chose felt for the other material as well) along with some diamond and chromium oxide spray. My plan is to spray one with the diamond and one with the CrOx. I figure this would cover a lot of bases. My question is: for which application/situation would I use either? Is one better to freshen up carbon steel and the other stainless? Is one better to refresh an edge and the other best after honing? Please tell me what you guys do - any and all tips/advice is most welcomed!

Thanks a lot - Gags