As narrow as possible, on the SM. That would be 30° inclusive (15°/side). I've actually drilled my own base/blocks, for round ceramic rods I use, at 25° inclusive (12.5°/side), which I use for touching up my Case pocketknives (stainless, CV), Buck, Victorinox and any other. All of my freehand-sharpened edges wind up in the 25° inclusive ballpark, so a V-crock setup at that same geometry works real well for me.
Cutting geometry at 40° inclusive really doesn't help anything at all, when sharpening relatively 'soft' steels like Case's stainless or any other similar steel. The steel itself will still deform under tough/abusive use; that means instead of rolling the edge, it'll flatten/dent the apex at wider edge angles, under hard use. Effective cutting pretty much STOPS in it's tracks at 40°, when the edge deforms. That drove me CRAZY when I first started collecting & using such knives; just a little flattening of the apex on the factory edge, and effective cutting is DONE. And it happens pretty quickly. So, if it's going to deform anyway, I feel it more useful to still retain some decent cutting geometry in the meantime. For me, that means 25° inclusive or lower on everything I use, with one possible exception for ZDP-189, which is very, very brittle at the hardness it's typically treated to, and prone to chipping or cracking at anything lower than 30° inclusive (I learned this the hard way).
For normal, non-abusive cutting tasks (no twisting or heavy chopping, or screwdriver use, etc), such knives will always do better for longer at 30° inclusive or lower, than something more obtuse. And if you are careful with what/how you cut, there's another BIG jump in cutting performance at 25° inclusive or so. And at that geometry, such edges are also very easy to align back into shape on something like a smooth kitchen steel, if/when they roll a little bit. That's the ironic upside to using steels as relatively 'soft' as these are, as they're actually easier to work back into shape with a minimal loss of steel in doing so.
If having difficulty setting bevels at something narrower than the factory edge, a Fine diamond hone (600-grit) can do it very quickly on something as small & thin as a Peanut's blades are. Or a SiC or aluminum oxide oilstone at ~320 or lower can also do it quickly. Aftermarket triangular rods are available in such grits, adaptable to the SM, if not wanting to spend the $$ on the diamond or CBN rods.