Haven't used an oil or water stone in years.
I rough out wood chisels and gravers on a belt grinder, usually to 280grit. Any finer and there's too much chance of burning the edge for any gain in material removal you might have IMO.
For wood chisels, I then go to the diamond plate, then 800 & maybe 1000 grit paper backed by the same plate.
A quick touch to a buffing wheel w/high gloss compound pulls any wire edge off and leaves a razor edge w/o damaging the geometry.
I keep it quick and simple. I want to use the chisel(s) for what they are made for,,not be a professional chisel sharpener.
Gravers go right to the 600grit power hone wheel for shaping and pointing and are done after the belt grinder roughing out.
If needed, 1000grit polished points or even diamond polish hone I can do if the job demands it. But I don't like the high bright look of those on restoration or older work.
Carbide demands diamond polishing generally for workable tool point life. I don't use it much any more though.