The Bladeforums FAQ and the Kukuri FAQ are two good places to look at as well in reference to this.
According to the khuk FAQ, there are two basic ways to sharpen a kukuri (after steeling with the chakma fails to return a decent edge). You can go with the traditional convex grind, or reprofile the edge to a flat grind. For the differences between these two, look at the bladeforms FAQ under....uhm...blade geometry or edge profile or something. But I asked this same question a few weeks ago and what was basically said was this:
the convex grind is how the knife was made, and how it is traditionally resharpened. It has the advantages of being more functional (it chops better and over the long haul you remove less steel and,since the overall edge is thick, you probably get dull less often). It is, however, harder to do.
the flat grind is how we americans usually sharpen our knives. Its very easy to do with a sharpening system, it will perform probably almost as well as a convex grind for chopping tasks, but it will use more steel and possibly need resharpening more often.
I don't find the last disadvantage to be all that big of a deal, really...unless you plan on using your khukuri 18 hours a day, every day, for the rest of your life, you probably will never even notice the 'wasted' steel. Also, I find the fact that the convex grind is the traditional grind very very important...its a khukuri...its how it was meant to be sharpened...nuff said. But, thats me.
Now, how do you do both? I have yet to attempt the convex grind, but there has been some discussion here of how to do it. I won't try to explain.
BTW, this post is likely full of minor errors or things that I have misunderstood...so if some other more knowledgible forumite disagrees, listen to him.
Mike
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"A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects." -Robert Heinlein