I have a Sharpmaker with med, fine, and uf rods and DMT XX Coarse, Coarse, and Fine bench stones. Initially I really liked the Sharpmaker, but eventually I found it limiting.
I have since kind of moved on to freehanding on waterstones and now for me there is no going back. Specifically, I'm using a Bester 700, Shapton Pro 1k, 2k, 5k, and Naniwa Superstone 10k. Plus finishing with a loaded and unloaded strop. Of course, I don't use always use them all on an already sharp knife. Usually, I just touch up with the 2k, 5k, 10k and then the strops and frequently will use the 5k and 10k like steels for quick touch ups, again followed by the strops.
I still use the DMTs for reprofiling/repair and flattening the waterstones and the Sharpmaker for serrated edges.
But for most sharpening I'm totally sold on using good waterstones. I just love the tactile feel of the edge as it is worked on the various waterstones and the beautiful very bright mirror polished results. One does not need the Sharpmaker to put micro bevels on an edge.
Unlike the Sharpmaker, the waterstones are very fast and neither the Shaptons nor the Naniwa need to be soaked. Just sprinkled or sprayed with some water and they are immediately ready to go. I find I'm getting my edges quite a bit more refined and sharper on the waterstones, with a heck of lot less time and effort than with the Sharpmaker. It does take a bit more skill, or perhaps it is just a different skill. But armed with theoretical and practical knowledge acquired online, I found it surprisingly easy to get great (i.e., better than Sharpmaker) results right from the start, on the first knife I did on the waterstones, and I'm sure gradually my skills will even further improve.
I'm not saying one can't get great results with the Sharpmaker, but I think there is a significant qualitative improvement in the finish/scratch pattern that can be obtained with Japanese waterstones, especially the higher grit waterstones, and there is something really appealing, to me at least, in being able to intuitively (i.e., not measuring or obsessing about angles) shape the edge I want freehand.
The waterstones were a bit expensive, but for a home sharpener like me, I think they should last for the rest of my life. So I think it was money very well spent. In sum, based on my experience, I highly recommend putting together a kit of DMT XX Coarse and Coarse, plus the waterstones mentioned above (although I'm sure there are several other great waterstones one could choose).