If the chip ain't that bad 1 layer of tape and do circles until you've got it out. If you want to go faster do it like it was a pocket knife with the spine very slightly off of the stone until you're where you want to be and then do the 1 layer of electrical tape and proceed. The Norton 4/8 is reasonably priced and really all you need for regular honing and maintenance. For bevel setting with a restore like that a 1k is good to have.