I suggest NOT using the Smith's draw through sharpener except in dire emergencies. You will get a better edge using a fairly smooth concrete sidewalk.
I wouldn't use it either, especially when an edge is already chipped.
Carbide sharpeners can really mess up a blade (such as...chipping the edge) if you aren't careful, and when there is already a chip in the blade it can actually get worse. It varies with the type of steel used. I don't know if s30v might react better than other steels, but I wouldn't try it on a big expensive knife.
Go to a local hardware or home improvement store and get something that looks like this:
http://outdoor-living.hardwarestore.com/56-325-knife-accessories/silicon-carbide-oil-stone-677705.aspx
(I know nothing about that specific website, first example I found)
Water is fine, oil is not necessary. The disadvantages of a Silicon Carbide stone over fancier stuff are:
1. Doesn't maintain it's shape as well over time (don't care for major initial grinding)
2. Doesn't usually give as fine of an edge as a high-grit ceramic (you can use your regular sharpener to top it off)
The benefits are they are cheap (less than $10) and grind steel quickly.
The ceramic end of the pull-through sharpener might be OK, but they tend to clog up fast and leave a small dip where the chip was. A big flat stone takes more work before clogging, and gets rid of dips.