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My suggestion is that if your knife can't hold an edge at 30 degrees, instead of backing off to 40 degrees, just get a better knife.
And yet...... even Sal Glesser says that he sharpens all of his knives at 15 degrees, as all of Spyderco's steels can handle it.
The most common reason for this is that you're letting the tip slip off the stone occasionally when you get to the bottom of the stroke. Control the tip at the bottom, then left the knife off the stone. If the tip slips off the stone, it's guaranteed to get rounded
And yet...
When I first went to touch up my Delica 4, the 30 deg. setting appeared to have zero effect. So I went back to the Sharpmaker's manual and noticed it mostly talked about the 40 deg. setting. "Hmmm...," I thought to myself, "I wonder if Spyderco's knives come from the factory at 40 degrees?" So I switched to 40 deg. and viola`, sharpened right up.