I grew up using a pair of coarse and fine whetstones, and they worked just fine for camping, fishing, and all around utility cutting. As an adult I use a coarse and fine diamond hone for sharpening, and an extra-coarse diamond hone for regrinding edges. I've been using my knives for work for the past 29 years and never lacked for a sharp edge using such hones.
One of the things I like about hand-held hones is that I can take them with me wherever. Another thing I like is- I've never burnt a blade or taken off too much metal using a hone.
I could understand investing in a power sharpener if you are going into the sharpening business, or if you are a knife maker, but I don't really see the point if all you need is to sharpen the occasional knife. Once a quality knife is properly sharpened, it can stay sharp for awhile. And it will stay sharp forever if it doesn't get used.
I strongly disagree with the idea that a power sharpener is "better" than hones. A tool (sharpener) is only as good as the person using it. If a person has difficulty getting a good edge with a hone, I hate to think of what they might do with a power tool. Power tools do not increase ones skill, but they can certainly increase the size of ones mistakes.
And in my opinion, one should never be in a hurry to sharpen a knife. Being in a hurry is a great way to cause damage, or get hurt, especially with a power tool. Power tools may be "faster", but they are also a fast way to cause damage, or ruin a knife, if you make a mistake or are in a hurry.
Whether you use a hone or a power tool to sharpen a knife, it's going to take practice to get it right. Don't assume that sharpening will be easier, or that you will get a better result, just because you can plug the sharpener into an electrical socket.
But of course it's your money, and your choice. To each their own.