I use 2 duosharp plates in XC/C and F/EF, as well as other DMT single-grit diasharp plates including the C and the EEF. Checked out the MEF and talked to 3 of the pro sharpeners here on BF about it a while back, but consensus was nobody saw the necessity or value it would add. What I do is use the DMT up thru EF, and after that, either (1) stop and consider the knife done--refining it with very light edge leading strokes, and a super light single edge-trailing strop per side to finish, or (2) use a basswood strop with either 4 micron, or 1 micron cbn compound, or (3) use the EEF to refine in lieu of stropping.
For a basic multipurpose diamond sharpening kit, most people could easily get by with 2 duosharp plates I have, add a strop with some paste in 1 or 2 common grits, and good to go. The EEF is definitely not required to get great edges, and I'd say given what you can do on the EF alone, or EF plus a strop, that should easily suffice for most of your knives. That said, if you don't mind spending around $80 and if you enjoy sharpening and refining your edges, in my use the EEF does add some nice-to-have value for a few tasks.
Tasks I find EEF useful for:
- As a quick, final polishing step instead of stropping. An example of where I do this is on a few of my kitchen knives where I do a lot of pressure cutting. I'll put a nice coarse or medium toothy edge (say DMT C, or F), then jump straight to the EEF and take a few light edge leading strokes to polish the tooth, which aids with pressure cutting. I found that using the EEF in this type of case was actually faster and more efficient than using stropping to achieve the same outcome.
- As a way to add a refined micro-bevel. I believe
HeavyHanded
sometimes uses this approach with his DMT EEF, perhaps he'll comment here. You put on a coarse or medium grit edge, then raise your angle very slightly (say 2 to 3 dps), and make a few light passes on the EEF to create a micro. This type of 'blended' edge can actually be super effective, giving you some of the attributes of both a coarse/toothy edge, AND a polished/refined edge. For someone who wants to use this approach on their edges, the EEF (or any similar high-grit stone) is going to be the most efficient way to create a micro-bevel.
- As a way to maintain knives without stropping. Stropping is still the consensus maintenance strategy among most sharpeners that I'm aware of. But some folks think that to maintain a knife efficiently, you really need to do some straight-up edge leading strokes on a real abrasive (and optionally followed by stropping, but only as a final refinement step just as in regular sharpening). In order to do this type of stone-based maintenance, you of course want a higher-grit stone that won't take off too much metal. The EEF can be a good candidate for this role. This is an interesting idea and I haven't used it extensively enough to recommend it or to say that it's 'better' than maintaining with a strop-only approach. But there are folks using this approach, and it does seem plausible.
Last thing: coarse stones. I guess this wasn't the main focus of the OP, but since you mentioned, I would still consider adding a coarse plate in your setup (doesn't have to be the DMT XC/C, but that is an excellent all-round option). Even if you don't let your knives get really dull, having a good coarse stone is really the foundation of your sharpening. Not only for tasks you do less often--like reprofiling or thinning a grind behind the edge--but even for ordinary every day sharpening. A lot of folks have found that for most of their user knives and typical utility tasks, a toothy edge is super effective, and for that you'll want to make your primary sharpening be on the coarse stone. Even for edges that you go on to refine and polish at higher grits, usually you'll want to start with a coarser grit to get best results.