My first sharpest edges (cutting arm hair without touching skin) were the result of 0.5 micron diamond paste on a leather sanding belt. Did 'em with 52100 and S30V.
Diamonds, cubic boron nitride and boron carbide are the trinity of sharpening compounds. Their higher hardness than most everything in the steel you're sharpening makes everything go faster. CrO can get the job done, but it had better have AO in its mix (light Veritas/Lee Valley and the regular green from Spartan Buff) or you had better have patience.
If you use so much that cost is an issue; switch to cubic boron nitride or Linde A. Otherwise, diamond paste should leave you happy. It'll cut faster than similar sized CrO/AO compounds, but when comparing 0.5 micron to 0.5 micron, it'll still be slow if you haven't already got a sharp and polished edge.