Slowing down will definitely help, but what you want to avoid at all costs, if you want to keep a sharp point, is not to draw the tip off of the stones. Nor go past a right angle like Steve mentioned. Either will keep rounding it down more and more.
What this means is that you don't use the corners on the very tip, just the flats, and you stop the stroke with the tip still on the flat. Do this and you will always have a sharp point without more equipment. If you have a benchstone, I'd use that to reform the tip. The 204 will do it, but it takes a while to re-profile a blade with it. I have a Razor's Edge kit and I simply take the benchstone, set it between the 204's stones so that I get the same exact angle, and go to town. RE's stones are great to re-profile with, but any stone could be used this way. If it's too wide to fit between the 204's stones, just remove one of them.
One thing you might try is to imagine your wrist and elbow being fused so that they will not turn. If you keep all of the turning in your shoulder, you will greatly reduce the variance. Just lock your elbow and wrist and I'd bet the variance goes down to almost none, no matter what speed you work at.
When I first starting using Sharpmakers, I went too fast and used too much pressure. I've since learned that you don't force a sharp edge onto a blade, you finesse it.
I've not used any of Apex's products, but I don't doubt the quality. I just can't bring myself to spend the money when my current equipment meets my needs quite well. The bottom line is that you can get the results you want with the equipment you have.
By the way - a 705BT is always in my pocket and it gets used constantly. So, it gets re-sharpened frequently. I've used the tip to remove splinters so I know not letting the tip slide off of the stone works
Credit for all of these tips belong to Joe Talmadge and Sal Glesser. Without them, and RES's book on sharpening, I would have never learned.
For sharpening, the 204 cannot be beat if used properly. For re-profiling, the 204 by itself is very slow going.
Anyway, good luck with it.
[This message has been edited by Codeman (edited 09-14-2000).]