I don't use a lot of high-grit waterstones, I just stop at 1K.
However I really like diamond stones because they don't require flattening. I have a Smith's 750 grit "fine" diamond hone that doesn't seem to polish as well as my 1K, but the edges it gets are just as capable at cutting so I can't really remark on that. However, I can say that the 1K waterstone seems to cut a lot faster, but on the other hand requires much more maintenance, and can be tempermental if not entirely flat.
So for me I'm going to go down the diamond route instead of waterstones when I go up to higher grits. The results they get are pretty on par with each other for my needs, but the waterstones are too tempermental in needing to be flattened to achieve those results. So in a way getting the same results is easier with the diamond hone, even though the waterstones seem to cut faster.