I'm going to throw this out there for good measure - for best results most EDU purposes, a multi grit formula will outperform a single grit formula at pretty much any finish short of super mirror sub-micron, no scratches visible under high magnification.
Flexcut is one of the better commercial compounds that fall under this category - does a fantastic job and if manipulated carefully can make for a hair whittling edge. Many of the woodworkers compounds are similar - IIRC Lee Valley green compound catching some heat for having a size distribution in their formula, but they did this on purpose, not to save money.
The stuff I make for my Washboards is mutigrit and I have little trouble hitting a whittling edge with it if that's what I'm gunning for. Won't win any mirror polish contests, but can easily read fine type in the reflection. One of the less publicized differences from one preparation to another is how the binder works with a given application. I did a ton of experiments using plain, dry grit right up a through swimming in vehicle, and on a number of backings. Every tweak resulted in a change in how it worked.
Martin