I have a S110V PM2 that I sharpened via WSKO with the blade guide set at 17.5*. It came out great including the chips I put in the factory edge (tip not excluded).
I practiced a bit first, mostly on cheep kitchen knives and a few old beaters.
Now, in the event my PM2 needs a touch up, the 20* Sharpmaker fine rods keep it hair-popping with negligible effort. (On a side note, I wasn't fond of S110V until I paired the WSKO and Sharpmaker together--now I'm a fan!)
The only "bad" I've got to say about the WSKO is that you MUST tape your blade if using the blade guide, or you'll scratch the crap out of it. Easy once you know that.
Also, if using the blade guide it's easy to get the secondary wider on one side than the other if you aren't paying attention. On one side the belt pulls down relative to the blade guide; it pulls up on the other. On the down side it can pull the blade deeper into the belt and make the secondary wider--again, recognizing this potential pitfall is 3/4 of the battle.
I've never had a problem with too much material coming off too fast, but I work slowly.
I have an old thread about S110V and the WSKO, if you're interested.
http://www.bladeforums.com/threads/s110v-and-worksharp.1426734/