My ZDP Caly Jr. has a Krein regrind to .004"-.005" (it has thinned a little since I reprofiled to 5 per side) and has tremendous cutting ability ad edge retention. However, compared to my other most used knives like my Manix and R2, which I can get nice, hair whittling edges on, it doesn't get quite as sharp for me, especially on the ceramic benchstones that work so well on my other knives. It pops hairs, shaves a bit above the skin, and push cuts newsprint well away from the point of hold, but the Manix and R2 get noticeably sharper (but due to the geometry it still outcuts the other knives by a large margin). I got a Norton 1K/8K combo stone and got better results than with the ceramic, with much less burring as the Norton seems to cut cleaner than the ceramics as I get less burring. Granted, it is a finer grit than my UF ceramic, but it is still sharper than when I was finishing on a 1 micron polishing cloth, which is finer than the Norton. With more practice on the waterstone hopefully I will get even better results. I just got my new ZDP Endura last night and will have to sharpen it up and see how it reacts. The factory edge isn't the usual Spyderco sharp (it shaves OK, but not close to tree topping), so I will have to tune it up before sending it off to Tom Krein for a full flat grind and splinter picker tip mod, with an edge thickness of .010" or so (factory is around .021"). That should improve the cutting ability a lot compared to the current low saber grind on it.
Mike