The slotted wheel will not give you a true mirror edge (at least I haven't been able to get one) but will give you a near mirror edge. The finished blade is very smooth and not coarse as stated by Vicv. I can take a q-tip and run down the edge of a finished blade and there is no rough spots to hang up on. This is after using the slotted wheel and before I use an external leather strop. That is my test to see if the burr is completely gone and the blade is ready for further polishing on the leather strop. The strop is just an extra step I use on my EDC collection to help bring out that little extra shine for "show off" use only. I don't use the strop on my kitchen knives, as it is not really needed. That is just me.
As far as edge refinement, you can't get much better than what the wheels will give you if used properly. The bouncing around mentioned will not happen if your wheels are round and balanced on the shaft. I use the word ROUND to mean not egg shaped or out of round. The grit size is not too course when used with the wax properly. A grit size of 600 or above is just not needed with this concept in my opinion. Try it, you might like it! At least then, you can give an honest opinion of the wheels, without using hear say from other people that have not used them either. I try not to bad mouth any system unless I have actual experience on it, and not what I have heard or read from other people.
Again not to stir up or step on any ones toes, but just my own take and opinion on some remarks made by people in reference to the wheels in general.
By the way, I am not targeting you Vicv. Your remarks and opinion just reminded me of some recent remarks posted and i wanted to put my $0.02 worth in the conversation. I welcome and appreciate your input, as that is what makes this forum such a great learning experience for all of us. Oh yeah, the wheels are not as hard as stone wheels as they are made from paper and have a small amount of "give" to them. Not much, but still not stone hard.
Blessings,
Omar