what exactly is "red/blue DMT stone"? what do you mean when you say "thinning out an edge"?
do you think the diamond stones for the sharpmaker will help on harder steels?
The diamond stones for the Sharpmaker certainly will be better than the medium (brown) ceramic ones that come with it, but still it won't always be easy or quick. (Don't get me wrong; it can certainly sharpen any steel if you're motivated to do it.)
red/blue DMT stone: DMT is a brand that makes sharpeners. They code the coarseness of the grit by color.
http://www.dmtsharp.com/sharpeners/bench-stones/duosharp/ are the style I use and here's the color guide (red = coarse, blue = fine)
http://www.dmtsharp.com/misc/dmt-chart/?ajax=true even the blue/fine will take off metal much much faster than diamond stones for the Sharpmaker.
Thin out an edge: Make it more acute. If the knife comes with a 50 degree edge, you'll need to 'thin it out' to get the Sharpmaker to hit the very edge, since it will only do 40 degree and 30 degree edge angles. To cut it down, it can take a long time with the Sharpmaker, even with the diamond extra coarse ones. On the other hand, if you don't have to reduce it--for instance if from the factory it came with a 30 degree edge and you use the 40 degree setting on the Sharpmaker--then the Sharpmaker will get it super sharp fast. That's where it excels.
So what I was saying before is, for example, if I want to sharpen my knife with the 30 degree Sharpmaker setting but it came with an edge angle more obtuse than that, I'll thin it out on the DMT to something around 25 degrees, then hit it with the Sharpmaker. That makes it much faster to touch up using the Sharpmaker because it has to take off less metal each time.
Either The Mastiff or The Deacon (I always get you guys mixed up, sorry

) over on the Spyderco forum once nicknamed it the SharpKeeper. I think that fits it well.