Yes, that is one way to do it, but I found that you can form a burr that is difficult to cut off with the fine hone. I have become quite fond of Jeff Clarks method of increasing the angle on a medium hone by at least 5 if not 10 degrees (I don't really measure that I simply increase it by an arbitrary amount) and remove the burr with a couple very light passes. After that I know I might have to hone a little more on the next finer stone to have the two sides meet at the original angle but at least I can be sure I don't carry a burr over to the next finer grit. For my last few strokes on my finish hone (Usually I use 3 hones in total 700, 2500, 10000 (medium, fine, finish). If I have to make changes to the bevel I might start at 220 (coarse)) I always increase the angle by a few degrees. That is as much to control any remaining burr, as it is to guarantee that I work on the edge since I freehand and there is always a bit of slop in the angle. The finish hone is so fine that it doesn't alter the geometry appreciably.
Cliff: I really know only 420HC as Buck runs them, and the models I have are pretty old, too. So my experience with 420HC is limited. I sharpend 5260 which is supposed to be 58Rc and it behaved beautifully. Just as you described: very easy to grind and hardly any burr at all. So I agree, hardness is not the only factor here, I was simply trying to give a drastic example.