Recently came across the following about Chromium oxide--just repeating what I read, can't vouch for it.
Apparently there are several varieties--
one has particles of 2.5-3.0 microns.
the other has particles of 0.5 microns.
Don't have product names.
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The stuff I have is sold by Vertias, and is called "micro-honing compound". It is my impression that it has particles 0.5 microns in size, and is the same as the stuff sold by Lee Valley. I purchased mine at a local Rockler's woodworking supply store. If I had to guess, taking the "information" above into account, I would suspect theat the product marketed as "rouge" (green rouge?) is the larger particle size. 2.5-3.0 microns is still a very fine abrasive, unless one is doing optical polishing.
Also, a wood working site says that the 0.5 micron crayons do contain some larger particles--0.5 microns is average size.
http://www3.telus.net/BrentBeach/Stropping/Stropping.html
Supposedly the powder or water suspensions sold by Hand American
http://www.handamerican.com/products.html#Chromium Oxide - .5 Micron Penetrating Liquid
has more tightly controlled particle sizes. The same claim is made for 3M microfinishing abrasives (which go down to 0.5 micron). The same woodworking site
http://www3.telus.net/BrentBeach/Sharpen/jig faq.html#abrasives
says that stropping a plane iron previously sharpened with the 3M abrasives caused a deterioration of the the edge, and has some photos.
"The honing compound was Lee Valley green. Again, the three different areas of the iron are shown on the left. The image on the right has both of the fine bevels well scratched.
This buffing compound is "primarily Chromium Oxide admixed with other fine abrasives (0.5 micron size)" according to the catalog. Checking around the net, I have read that a particular manufacturer produces 6 different green rouges, with chromium oxide content from 5 to 90%."
http://www3.telus.net/BrentBeach/Stropping/Stropping.html
There is a table on the site that says green rouge, white rouge, 1500 US grit paer, and 6000 grit japanese waterstones are 3 micron.
A 15000 grit waterstone is 0.9 micron.
This suggests that using a loaded strop on a fresh properly honed edge (no burr) that has been polished with very fine abasives like a polishing waterstone, 2000 US grit paper, or the finest 3M abrasives may NOT be beneficial. Sadly, the product from Hand American was not tested.
Of course, stropping could compensate for imperfect sharpening technique with the other fine abrasives. Plus, the other methods may less convenient, or unavailable.
Overkill on this topic, probably so. But I just ran across it, and found it interesting.