Depending on how one goes about the paper-cutting, and how the results are interpreted, a whole lot can be determined about the sharpness and readiness of your finished edges. I cut phonebook paper to test my edges frequently while sharpening. The first and most obvious 'test' is to see if it'll cut at all. Following that, I'll see if there are any snags or slips during the cut; the snags usually indicate the presence of a burr (at the location of the snag), and slipping would most often indicate an incomplete apex (rounded or blunt edge). Doing this test very SLOWLY really highlights where the problems are along the edge, so it's very useful in locating the burrs and the blunt areas, so they can be immediately addressed. Start at the heel of the edge, and then draw the blade very slowly through the paper, all the way to the blade's tip, and watch to see where the snags and slips happen. Also pay attention to the 'feel' of the cut, via your fingers holding the knife. The smoothness and uniformity of the edge will make a difference in how smooth it feels in your fingers; with some experience at this, you can fine-tune the 'bite' in the edge according to how this feels. A 'toothy' bite can feel & sound sort of like a zipper as you draw the blade through the paper, and a more polished but still wickedly-sharp edge will feel almost effortless and buttery (and sounds quieter, like a 'whisper'). The geometry of the edge will also influence how it feels and sounds. A mirrored and very thin convex is very, very 'slick-feeling' in the cut (and very quiet), and a thicker V-bevel's shoulders will create more drag, consequently resulting in more 'noise', like the sound of ripping paper (though if the paper is literally 'ripping', it's not sharp yet

).
You can take all the above tests even further, in holding the handle of the knife at the very butt-end, between only one finger and your thumb, and seeing how easy it is to cut holding it that way; almost literally just the weight of the knife doing the work. It's fun doing this test holding the knife with only the thumb and pinky finger (be careful not to drop the knife).
(Edit: Another test would be to do all the above after cutting into some wood a few times, to verify the edge is both durable and sharp. Eliminates the possibility of a too-thin edge, or a stiff burr, mimicking a 'sharp' edge initially, then failing quickly when it folds over.)
As for which knife is best for starting out, I'd generally recommend smaller & thinner blades first. In your case, I'd assume that would be your Wusthof steak knife. Trying to start with a thickly-ground and large, heavy blade will really test one's patience, as most will need to have the edges thinned and therefore a lot of steel needs to come off. As a beginner project, those usually don't go well (heavy grinding breeds fatigue, and fatigue breeds sloppy work and tons of frustration). If your Buck fixed blade is fairly thin, their 420HC should respond very well to good technique, so a lot of reward could come in that one. If it is thin, you might even start with that one, as the steel is more predictable in how it should respond with the tools and methods we most often use. It's a good 'middle-of-the-road' steel in that respect. Wusthof's stainless can be somewhat 'gummy' in sharpening, and burrs can be more tenacious and difficult to deal with at times. It's not hard to sharpen, but it helps to have some experience in dealing with burrs, in sharpening it. At minimum, always keep pressure as light as possible, so the burrs won't get so big and difficult to begin with.
David