I think we are being a little general in this thread. Stainless covers a wide range of steels, with carbon content at least from 0.4 to 3.3 percent in knife blades, and chromium from 12.5 to 20 percent, plus any other alloying. Carbon is often used to refer to steels that are not. 10xx steels are carbon steels, D2, A2, M4, L6, 52100, etc are not, they are low or high alloy tool steels with much more than carbon affecting the matrix. Carbide size and volume are going to vary wildly with such broad categorizations, along with working hardnesses.
Also, waterstones are a broad category. There are natural and synthetic waterstones. The abrasive may be quartz, garnet, ceramic, diamond, aluminum oxide, silicon carbide, or other. The synthetics may be bonded by resin, clay, magnesia, or other. Some require soaking, some only a splash of water on the surface. Some break down quickly, others wear very slowly.
And then what grit scale is being used? JIS old or new, CAMI, FEPA, mesh?
That isn't even touching condition of the steel when sharpened (heat treat quality) and what Jeff is talking about -angles, intended use, technique etc.
My rule of thumb is that every thumb has it's own unique fingerprint.