The BladeForums.com 2024 Traditional Knife is ready to order! See this thread for details:
https://www.bladeforums.com/threads/bladeforums-2024-traditional-knife.2003187/
Price is $300 $250 ea (shipped within CONUS). If you live outside the US, I will contact you after your order for extra shipping charges.
Order here: https://www.bladeforums.com/help/2024-traditional/ - Order as many as you like, we have plenty.
The simple answer is yes, there is a difference.
But unless you are after a hair-whittling edge, the difference won't matter to you.
If you only want a super-sharp edge that will do almost any work you run across, buy the cheapest you can find.
But... if you want perfection... then buy your compound from a jewelery supply shop.
I don't believe there really is a middle ground. It's either correct or not correct. No such thing as 'a little correct.' That's like 'a little pregnant.'
The difference is in the consistency of grit size. Something from Sears or Harbor Freight will have 'mostly' .5 micron grit, but there will be some particles that will run +/- .5mic. Some might be a large as 1micron. How big is that? Well, 50 microns stacked up on top of each other is about the thickness of a sheet of phone book paper... 50 microns....
Will that extra half a micron affect what you will be doing? That's up to you.
Good Green compound (Chromium Oxide) should be about 0.5 microns.
Compound from a jewelery supply place will have a uniform 0.5mic grit.
Stitchawl