when thinking about sharpening stones, a golf analogy comes to my mind: with a driver a 5 and 9 irons and a putter i could handle and have a decent experience.
looking at sharpening videos (wicked edge in particular) you’d easily get convinced you need every stone and strop in incremental grit to get the ‘perfect edge’. In my golf analogy, if i had the full set of irons and woods, i would not in fact use them all, not by a mile.
is this your experience? If not, what smaller set might you feel sufficient to get sharp knives?
The SuperSteels have really changed the sharpening landscape. If you have any knives with SuperSteel blades, or expect to get any, you might as well just spring for good diamond stones and get it over with! Some of the new steels will not respond to natural stones, and they will only respond very slowly to ceramics. I saw an 8" diamond set of three grits by a good manufacturer for $120.
Sharpening more common steels is more interesting. Assuming the blade was not damaged or very dull, a really sharp edge can be achieved with something around 1-1.2K, CAMI. A hard Arkansas stone and great technique will get from dull to Whoa, Baby! Most folks would like a finishing stone of some sort. Maybe a black Ark, maybe something a little softer, like those unbelieveably cheap but curiously effective Guanxi (sp?) gray finishers. For when you don't need or have time for the brilliant polish a black Ark can provide.
If a nick or a very dull blade came in I would want a soft Ark as well, or maybe an Atoma 400 diamond plate, which could also be used to lap the hard Ark and the finisher.
So assuming nothing too dull or damaged and no SuperSteel:
An Atoma 400, for ugly jobs, and to flatten the finer stones. $80
A hard Arkansas, the King of The Stones, for the vast majority of sharpening. $60
A Guanxi gray finisher. To keep the cost in line, and because the black Ark is finer than most blades need. $40
So if you lube with water that is about $180.