It ain't what you buy, it's what you know!
It isn't the abrasive, it's the constant angle. Sharpening by hand shifts the angle every time. A jig of some sort maintains a consistent angle. You're only working with a very tiny area, it's very easy to miss. If you sharpen by hand, unless you're pretty skilled, all you're doing is wearing away steel. Power tools will get an edge hot, which is very bad, and remove a lot of steel, not necessary.
Chisels and wood planes need frequent touch up, and the edge needs to be precise. Put the blade in a jig, and 5 to 10 strokes get it done. I'm using emery cloth glued to a flat surface, and water with dish soap, (Oil turns black and gets on everything.) and my jigs are a block of wood. My knives get the same.
Did you know that you can strop an edge with cardboard?
When you've got a means of maintaining consistency then choosing abrasive and angle is easy.
Woodbutcher