I am not a fan of powered sharpening at all. There have been a few studies done, Roman Landes coming to mind, that showed that any and all powered sharpening will over temper those last few edge microns, if not deeper than a few microns. Lubricated power sharpening helped tremendously, and if you do any powered sharpening I would say use some sort of lubricant. If the system doesn't allow lubricant, I won't use it.
IIRC, this study went so far as to show that HAND sharpening on a stone without lubricant can/will over temper those last few microns. I was surprised to hear that, but figured it was so with powered sharpening. When I first saw that device introduced at market, I cringed.
With that said, I know of many pro knifemakers who sharpen their knives on their 2x72 grinder! Many use a mist system because of Roman's study. Many do not. It's up to you, but my opinion is stay away from it. But I'm more of a "purest" or OCD anyway.
What the study is saying is that keeping water handy in a bucket to dunk it in isn't going to help when sharpening. The heat being generated when contact is made with the belt, and immediately dissipated when lifted off. (at the edge micron level....not the whole blade). If the whole blade is warmed up by powered sharpening, my guess the very edge is already over tempered.
My two cents. I guarantee there are other opinions of powered sharpening.
My opinion of powered sharpening with this Ken Onion gimmick is the same as yours.
It is not needed. It does not provide a well finished symmetrical edge, introduces an abundance of human error, rounds off tips........takes off more blade steel than necessary..........and a host of other problems.