For very coarse sharpening, the SiC stones can grind off the steel as effectively as the diamonds or cbn can. But....as Jason said, the SiC material cannot actually "abrade" (sharpen) the carbides that would be in your M4 steel, because the carbides are harder than the SiC material. At higher grits, this would make a much bigger difference and you'd absolutely want diamonds or cbn to sharpen a steel like M4. At lower grits, it doesn't matter as much because you're just coarsely grinding off metal. Jason is saying you'd get the most optimal results with DMT coarse diamond stone, and I agree with that having used that stone to sharpen some of my knives, but the catch is you'd have to switch to freehand, which you said you'd prefer not to.
Given you want to stick with using SM, and the way you plan to use it, I would just get the Spyderco CBN rods and use that to help maintain your knives. I'd only get the Silicon Carbide stones if... (1) You absolutely have no plans to go freehand and will stick with Sharpmaker, and (2) You want to try to do major bevel resetting, edge profiling, etc, on your Sharpmaker.
In reality, you could have the best of both worlds if you don't mind spending a couple $$. Get 1 pair of the MoldMaster Sic stones in either 150 or 240 grit, entirely for coarse profiling and bevel setting work on Sharpmaker, which the Spydie diamond/cbn rods are not good at and very slow. Those coarse SiC stones will profile an edge pretty darn fast, for Sharpmaker. Freehand is still faster, but those SiC stones make it go about as fast and clean as it can possibly go to reprofile an edge on Sharpmaker. 1 pair of those stones plus shipping will be less than $20. Then get a pair of the Spydie CBN rods, which are a higher grit at about 400 mesh, and CAN abrade your high vanadium steels, and you should be covered on all bases. Use the SiC stones only for profiling or major edge repair, use the diamond or cbn rods for your primary sharpening stone for your M4 and other steels. That combo, plus maybe a UF ceramic, will do you pretty good on the SM.