David, I'm not sure I understand what you are trying to get at. I think we have four guys having five conversations here. So lets break it down into individual parts.
Is the strop removing metal: I think it is. it may be very slight, but leather on its own is very slightly abrasive, and since everything eventually gets some sort of dust or whatever on it, I would say that a bare leather strop has at least some abrasive properties.
Is the strop forming the metal (burnishing or the like) Again, I would say yes, it stands to reason, the edge of the razor is very fine, so I would suspect that the very edge has some "mechanical" change going on, metal being moved.
Is there a fin? I don't think so. There is no proof that there is, and the idea of it comes from a manufacturer. Therefor not an unbiased source, so I don't believe it.
Does a stop "convex" an edge. I think it does, the strop forms a curve, therefor the material being stropped should eventually form to that curve. That said, the amount of curve is related to how much the strop curves. you can "strop" on glass, and the amount it will deflect is very small. You could strop on a thick piece of cotton fluff, and the deflection would be greater. Also on what scale, microns? how many swipes of a stone to return it to flat? I don't know.
Finally, and discussion of honing, stropping, and shaving has to take into account that there are no "right ways" to do things. Razors have been stropped on jeans, tires, belts, newspapers, cigars, and a range of body parts. Soaps react with the hair and skin in different ways. Subtle differences in technique can have huge impacts between different faces.
All I know is what works for me, and every time I think I've got something right, I find something better. So for me to say what is the best method, is a bit presumptuous. Even if I compare just my tolerance for what a "good" shave is, its night and day from even a few years ago. My methods have changed just as much as my standards. Heck, I honed on a barbers hone full of wax for over a year! shows how much I know! Thats why there is room for discussion and learning. Share what you know. But lets differentiate what we know, and what we suspect.