The Sharpmaker is capable of reprofiling, but it does take a tremendous amount of time with the standard stones. You can add the diamond rods to the kit and that will greatly reduce the amount of time you spend when compared to the Brown/Grey rods. Another way you can speed up the Sharpmaker is to clip sand paper around the stones and only sharpen on the flats of the rods (so you have a wider sand paper surface so you do not wear out the grit immediately like you do on the corners which I found that out with one experience) so you increase the grit without a large investment. You do wear through the wet/dry sandpaper this way, but it is worth the small investment for increased speed.
That being said, I have grown to like using a Harbor Freight or Grizzly belt sander to rebevel with an 80 - 120 grit belt and then sharpen on the standard Sharpmaker setup for the actual edge which in this case is usually a micro bevel.
One more alternative is to shop the local yard sales (if your area does that, I'm in a very rural area, so they are quite popular) for a used bench grinder, then pick up a set of the paper wheels richard j is fond of promoting on this forum! I picked up a free grinder from a buddy cleaning out his shop and added the wheels from Grizzly. Just make sure to measure you can remove the guards from the bench grinder and that you know the diameter of the drive shaft so you can order a set of wheels and it will work when you get them!
As others have said, files can work just fine if your trying to watch the "bottom line".
Let us know what you decide to do for your reprofiling needs.
Cheers,
Doug