Hopefully I can be of some help. I work for Darex in Ashland and am the designer of WorkSharp products. The WSKTS can remove material fairly quickly on the coarse belts so there is a possibility of rounding the tip. There should be a tech tip in the manual to help with this. Ill double check it when I get back in the shop tomorrow.
Basically, cramsey3006 got it right. To prevent rounding off the tip, release the switch when the tip reaches the belt. It helps to pull the knife through slower until you get accustom to it. (I tend to pull through at around 1-2 per second.) Avoid moving too slowly on the coarser grits when near the tip of very thin blades such as a fillet knife.
You may also find using the open guide can help prevent tip rounding. The open guide only supports the knife behind the belt so that blade is allowed to slip out before the tip crosses the belt. I prefer using the open guide when shaping or profiling a knife. Im basically free hand shaping the blade but I use the guide as a reference surface to help control the bevel angle.
MVF, when sharpening most knives, you can simply pull the blade straight through. The narrow belt will conform to most profiles including highly curved edges like spay and hawksbill blades. To shape or re-profile a blade, it is best to lift or lower the handle as you described to follow the shape you want.
Tip: you may want to try a rounded tip on one blade. The blade does look strange this way but the cutting edge of the round tip will be very sharp. Ive tested both pointed and rounded tips and found each has its advantages. The rounded tip edge will last longer and cut better in some cases but it does look strange.
Christian, call if you want help walking through this. Ask for Dan. Theyll transfer you back to me and Ill try to answer any questions you have. Thanks, Dan