I personally razor polish my Calypso Jr., because I usually don't end up slicing rope or anything like that with it. In fact, even if I do have to cut some not-to-thick rope, the incredible edge geometry plus the razor polish combine to let me push-cut all the way through just about all .5"-thick rope. For thicker stuff, I carry a combo-ground endura or Axis.
Anyway, how you sharpen your knife depends on how you'll use it. If your Calypso Jr. lightweight will be used to slice thick, hard rope, or similar tasks, coarse-grind it (I agree that a 3" blade is generally the smallest I'd go with a combo-grind). If it will be used for thinner rope than that, opening mail, slicing through cardboard, etc., you can go to a fine grit or even all the way to a razor polish, and you will love the results.
Joe
[This message has been edited by Joe Talmadge (edited 12-01-2000).]