The Sears blue compound is the only one I have experience with and couldn't really recommend it.
Have you tried Hand American's 12 carat Diamond spray on a strop? Definitely worth considering; my current favorite final finishing strop and puts an absolutely blistering edge on my knives when just touching up. The Yellowstone from Flexcut Gold is also another good one (ever so slightly coarser grit). The only other strop that I'd consider making would be one prepared with the Wood is Good AlOx (nice mirror finish like my Norton 8000 waterstone). My 3 working strops are the yellow, green, and diamond in that order. Give it a shot.
Be safe.
NJ