Yep, its a common misconception that a "mirror edge" deforms quickly.
All a mirror finish tells you is the degree to which someone polished (ie, they used a high grit) the edge.
What it comes down to is the edge angle, and how well the edge is apexed. A wider angle will be stronger, but have more resistance to cutting, while a thin angle will cut more easily, but won't last under abuse. This is how both an axe, and a straight razor can shave hair (the apex is extremely accurate/consistent), but why one chops wood without chipping, while the other can't cut much beyond hair.
The grit used doesn't really effect how well the edge is apexed(ideally), but does change how the knife cuts. An edge sharpened on something obscenely coarse (36 grit sandpaper), will have visible grind marks on the edge, effectively creating "micro serrations" of a sort. Some people prefer a coarse edge for some tasks, usually draw cutting( hear it a fair bit on skinning knives to get through the hide). A mirror polished edge usually comes from 2000grit and above, and produces a much smoother edge. Those work better for push cutting.
A 220 grit edge done right can shave, as can a 2000 grit edge.
Since most of my cutting is push cutting, I sharpen to shaving, on the mirror side of things. Typically typically I stop around 1500 grit, then a bit of stropping with some compound, and call it good.