shirogami and aogami mean white paper and blue paper, which reference the color of the paper the steel is wrapped in when delivered from Hitachi (? not that they are the sole makers, but that is what started the whole white/blue/yellow steel naming trend) There are actually several grades of each. Here is a handy little chart showing the difference between the grades of white and blue steels
http://www.hidatool.com/woodpage/wb.html
White #1 is a very good knife steel and will take a keener edge than blue, but it is harder to heat treat properly, so smiths consider it a pain, and it isn't as wear resistant as blue so will require sharpening more often.
Blue steel is easier to heat treat, so the smiths find it easier to work with in that respect, but it is more wear resistant and harder to grind.
Basically, you can get white steel sharper and it is easier to sharpen than blue so is probably a good choice for the home chef. If you want blue steel, consider a kasumi knife... these are the ones that are made by forging a layer of soft iron to a strip of hard steel. With the wide bevels on Japanese knives, most of the blade that is in contact with the stone is soft iron with only a thin section of the hard steel touching the stone.
You see a lot of high end honyaki (forged from a single piece of steel) yanagi in blue steel, and they are considered "pro" knives because they are considerably more difficult to sharpen (especially since there is no soft iron cladding) but can retain an edge for an entire day at a busy sushi shop without requiring a touch up (but they get more use in one day than the average person would give a knife in a month or two). The honyaki blues are a pain in the rear to take care of and are often thinner and lighter than kasumi knives, which makes them easier to break, but the lightness and wear resistance is much appreciated by chefs that have to use them all day long in a busy restraunt where they can't take time to touch up the edges.
Camellia oil is a light non-staining, non-toxic oil that doesn't go rancid and has been used to protect swords, tools and cutlery for centuries. Many places carry it
http://www.highlandwoodworking.com/index.asp?PageAction=VIEWPROD&ProdID=756 for example. Drug store mineral oil will also work just fine on knives and cuttng boards (non toxic and will not turn rancid)