Yes, the wheels are what I had before. They were pretty effective, and yes, I could get knives sharp enough to whittle hair. Not entirely portable, but it got used a lot. It would make a ribbon on the edge if you weren't careful. I ruined a few small blades before I got the hang of it. It is really easy to overdo it.
The deal with the work sharp is the belt speed is not too high. 3400 rpm seems a bit hot and I might worry a bit about destroying the heat treatment on a blade. As with all things, I suppose it just takes some practice to be proficient.
I wish I could've mastered freehand with stones. It just never worked out like I wanted.
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The ultimate result of shielding men from the effects of folly is to fill the world with fools.
-- Herbert Spencer, English Philosopher (1820-1903)