I've been playing around with this test and it has been an eye opener for me. Stropping with .25 micron diamond spray on leather has always given me a great hair whittling edge but I was very surprised to find that it was terrible at the TP test. With some experimentation I found that stropping on CrO (the old stuff from HA) followed by clean leather was far superior to anything I could achieve with diamond stropping even when followed by clean leather. It was also interesting to find that the TP sharp edges are more difficult to whittle hair with because they tend to slice right through unless you are very careful.
My ZDP blade has given me the sharpest result, sliding through the TP as if it was not even there. The worst material has been S30V which is a bit snaggy no matter how carefully I prep the edge. I should note, however, that even a snaggy TP cut will easily whittle hair, tree top arm hair or pass any other test I've tried. The nice thing about the TP is that it gives very good feedback on edges at a level of sharpness beyond other tests. Why does it matter? Still asking myself that question!
My diamond spray is still the quickest strop to a useful edge but if I want the ultimate sharpness it is waterstones to 16K with a quick touch-up on CrO and leather. Thanks to Ankerson for a great test!
Rick
I share your experience with S30V and TP. Even when I get it to the point where it can bisect it in two hole parts, it still feels more like it's tearing than really cutting through it cleanly.