Ordinarily, I also tend to 'preach' the benefits of larger surface area for heavy grinding. The thing that surprised me, in re-bevelling the two S30V blades on the AGR sharpener's diamond rods (also short, at 4" length), is that they did go as relatively fast as they did. I've sometimes (often) warned about how rod-type sharpeners tend to focus pressure on a small contact area of the blade's edge, and they do. Used carelessly, this focused pressure can create burrs or even chip an edge on high-RC steels. In this case, I think the flipside is, that focused pressure can sometimes be used to advantage, in terms of how it can speed up the grinding. And in the case of this thread in particular, using the relatively small surface area rods on the also-small traditional pocketknife blades wouldn't incur much of a penalty in grinding time. Small traditional pocketknife blades in thin edge profiles (as compared to the 1/8" or bigger stock seen on 'modern' knives or fixed blades) don't need to have much steel taken off anyway; so, even a D2 blade on a Queen traditional folder shouldn't take very long.
David