Going slower is a good start... but your Sharpmaker should really be working great for you, not just OK. Have you thrown out the directions and instead concentrated on raising a burr along ONE SIDE ONLY, then doing the other side, then working to grind the burr off? Do that, and your knives will come off razor sharp. For more info, head to the front page of bladeforums and go the link (knowledge base?) to the Sharpening FAQ.
The Razor Edge system is great, I recommend it highly. It works well provided the spine on your knife isn't too thick (>3/16"). It's a step above the Sharpmaker in accuracy. The Sharpmaker works because you can basically keep the knife straight up and down, and that holds the angle. The Razor Edge clamps hold the angle perfectly, not just close to perfectly. However, you will not have good results with any system until you get the fundamentals down of raising a burr and grinding it off.
With my Razor Edge clamps, I use the big DMT diamond stones, DRY. They cut better that way, even though DMT recommends using oil.
Whether or not you get the Razor Edge system, you should DEFINITELY get the video if you've been having sharpening troubles. The video lays out the fundamentals of sharpening, and shows you how to do it.
Like bglover, I sometimes use the strop, it's an easy way to polish the edge. Be really careful here, though. A polished edge is good for push cuts, very bad for slicing (especially slicing hard materials). With most knives, most of your work will be slicing rather than push cutting. In fact, my general rule is, keep the edge as coarse as you possibly can, provided it still works well for whatever push-cutting you need to do. I often leave all or part of my edge at medium or even coarse grit, so that part of the edge will slice better (kind of like partial serrations without the serrations). It won't shave hair off your arm well at coarse grit, but it'll slice like nobody's business.
Anyway, the strop can polish off the coarseness, and leave you with an edge that shaves your arm hair great but won't slice rope. Sometimes I do just a quick stropping to finish the burr off; I only do long stroppings on knives that I know I'll be push-cutting a lot with.
Joe
jat@cup.hp.com