I have two DMT 8" bench stones: X-Coarse/Coarse and Fine/X-Fine. One of the stones came with a stand, that also doubles as a handle. Funny thing was it was cheaper w/ the stand than without. I use the diamond stones for reprofiling and the fine/x-fine for putting a new edge on. If the blade is really bad (like a cheap machete), I use a 1x24 belt sander, very carefully.
After the diamond stones, I move to ceramic. I had a small ceramic, but just got two spyderco 2x8 bench stones: fine, extra fine. They're awesome. After those, I use three strops. They're simple leather glued to wood, and I use Dico's three ferrous metal buffing compounds: emery, stainless, and chromium.
I rarely go through the entire set. The extra coarse DMT is only for an initial profile or very serious steel removal. For a quick touch up, I might just use the strops, or even just one strop.