PAPER WHEELS
If you are comfortable using power tools, try a paper wheel system. Paper wheels are safer than buffing wheels and less likely to catch and throw a knife, but you still work with the wheels moving off the edge, like stropping, for safety.
I've had good luck with this system. The sharpening wheel raises a burr quickly. The honing wheel polishes the burr off and leaves a mirror finish comparable to stropping by hand. Both operations are done with the wheels moving off the edge for safety.
Using paper wheels requires a little skill, but once you get the hang of it, it is very fast. I sharpen twenty knives at a time for my church's kitchen, and I can do them in less than 30 minutes with this system.
The most difficult knives I ever tried to sharpen was an old set of Gerber kitchen knives. They were so hard that natural stones hardly touched them. Diamonds would grind them, but I don't have a diamond stone fine enough for a shaving edge. Paper wheels is the only system that has ever brought these knives to a razor edge.
I use paper wheels a little differently than recommended by the manufacturer. Normally a grinder wheel turns toward the user, and grinding is done on the front, where debris is thrown downward. The instructions for paper wheels say to use this same rotation but sharpen on top, where debris is thrown toward you. This seems inherently unsafe to me.
Here is how to modify a grinder for safer use of paper wheels.
I recommend you buy a dedicated grinder motor for this purpose. Changing the wheels too often can introduce wobble in them. When you buy a grinder make sure it has removable guards, because you are going to take them off. Put a good light over the grinder so you can see the burr as it develops then polishes away.
Mount the grinder so the top of the wheels moves away from you, and sharpen and hone on top of the wheel with the edge away from you. This lets you see better, and debris or anything caught by the wheel is thrown away from you. Hold the blade level and work near the top for a small angle, down the wheel closer to you for a larger angle.
paper wheel angle
If you thought trigonometry was something you learned in school but never thought you'd use, think about this. When the blade is horizontal the angle between the blade and the wheel is equal to the angle between the point of contact and vertical (identical triangles). I've marked angles of 0, 15, 20 and 25 degrees on my wheel. I put zero at the top and position the blade at the angle mark I want to grind before I start the motor. Then I turn it on and hold the angle steady as I move the knife lengthwise. Practice a little and you will learn to see the burr and where to hold the blade to get the proper angle.
Woodworking catalogs offer a variety of rubberized, nylon and composite buffing wheels for sharpening. These are usually sold industrially for deburring and polishing. They require skill and practice, and they are expensive. I think paper wheels are the best choice for the home knife sharpener.
Tips for using paper wheels.
Don't store a paper wheel system in a closed car or truck in hot weather, the wheels will de-laminate and split.
If the sharpening wheel starts sparking, add more wax. This is first noticeable on carbon steel knives. If you do not have to wipe the knives after sharpening, you are not using enough wax.
Wiping off the with paint thinner makes it easier and therefore safer. Goo Gone Extreme works for others.
Hold folding knives from the back, so that if they accidentally close when being sharpened, it won't be on your fingers.
You can sharpen the serrations of bread knives using the corners, but they will quickly round off. Good use for a second set.
Add polishing compound to the honing wheel every 4 or 5 knives. The polishing wheel will turn black from the removed steel.