From what i've learned over the years is that in general pocketknives benefit the most from a somewhat toothy edge.
A: because most work with these type of knives involves slicing & sawing motions, not push cutting, and B: most pocket knives people actually carry are made from softer steels which can be easily kept sharp by the end user, but are unable to support a polished edge for prolonged periods.
Best general recipe i have found for this class of knives is first to bring the edge down to around 30 degrees inclusive to get a better edge geometry as most are way too thick, and then give that edge a 600 grit finish.
Depending on how much bite the customer wants i then remove the burr with a 15 micron, 6 micron, or 3 micron diamond paste loaded leather strop which also gives it a convex microbevel which strengthens the apex.
But there are also the owners wishes to take into account.
A knife like the XM-18 i recently sharpened is as you know quite expensive and while absolutely up to it, most don't see too much hard use.
So while a toothy edge would still be perfectly suitable, a refined (semi-) mirror polished edge involving quite a lot of manual labour can be seen as simply more fitting for knives in this price class (and up), like aftermarket racing tires on a Mercedes.
A beneficiary side effect is that because most of these blades are made from powdered steels filled with very wear resistant but comparatively large carbides and a resulting lower edge stability, polishing of course helps to boost that stability.
So when the owner wants to use his expensive knife he still can, knowing that the edge will perform at it's best, and will also be looking good doing so.
Best general recipe i have found for this class of knives is to go through various steps to at least 6 to 3 micron to get good looks while still preserving quite a lot of bite.
Bringing down the edge angle is only done on specific customer request to preserve as much of the original looks of the blade as possible.
The owner can then easily keep it sharp with a diamond paste loaded leather strop with the same grit, or finer if he wishes to do so.