I switched over to diamonds for steels that need it, nearly a decade ago. Prior to that, I just used economy SiC and Alox dual-grit stones in the 100 to 300 range, like some of those mentioned that you can still get in hardware stores. Still have a few Norton economy stones lying around in a box somewhere.
I didn't switch to diamonds because of speed of sharpening, at the time, I switched because they offered other advantages I was after. Today, if I take a super steel blade with vanadium carbides in the 4% to 5% range, I can tell a difference in how fast I can get things done on diamonds versus say on my SiC stones. But it's not a night and day difference, and since I'm not sharpening for a living, the speed of sharpening has never been a big concern. Now, the main reason I use diamonds is they seem to get the best results with certain steels. And with some steels I have such as D2 from anybody, or Buck's 420HC, while diamonds are not required, I do get pretty good results so I keep using diamonds on those steels too.
I didn't switch to diamonds because of speed of sharpening, at the time, I switched because they offered other advantages I was after. Today, if I take a super steel blade with vanadium carbides in the 4% to 5% range, I can tell a difference in how fast I can get things done on diamonds versus say on my SiC stones. But it's not a night and day difference, and since I'm not sharpening for a living, the speed of sharpening has never been a big concern. Now, the main reason I use diamonds is they seem to get the best results with certain steels. And with some steels I have such as D2 from anybody, or Buck's 420HC, while diamonds are not required, I do get pretty good results so I keep using diamonds on those steels too.