The older 203 Sharpmaker came with diamond sleeves. I noticed the new Spyderco catalog showed diamond rods (or sleeves) for the 204... that should help with the modern steels.
Spyderco is very good for touching up an edge, but terribly slow for reprofiling an edge angle. Is also great for most serrations (Cold Steel excepted).
Lansky: I own, I use routinely, reprofiled and sharpened two 420V blades tonight.
Lansky is my favorite sharpener in terms of what I actually use. I use many things, depending on the knife... I use a Sharpmaker, 2 leather strops, a bench grinder, and a setup with soft backing and sand paper for convex edges.
I like the Lansky, but not blindly ...
Good about Lansky:
1. angle is fairly repeatable
2. can get diamond stones
3. I can get either a fairly polished (smooth shaving edge) or a nice rough medium diamond grabby edge (great for most real chores)
4. I can get very much shaving sharp edge, clean shave, not quite up to Chris Reeve's smooth cutting standard.
5. great for reprofiling an edge, faster than all but motor-driven methods.
6. fast to touch up for me on my daily carry folders (couple minutes per blade). I think those who have practiced w/ Sharpmaker can probably touch up quicker, but I can't. I just find Lansky more precise and predictable. If you practice w/ Sharpmaker, you'll probably be quicker. I have rounded off a couple nice blade tips on the Sharpmaker (a drawback for the amateur) and find that a drawback.
Cons re Lansky:
1. diamond stones do wear out over time
2. you only get 4 angles (17, 20, 25, 30)
3. you can only do up to about 4" blades without repositioning the guide on the blade
4. I've done up to 6" blades, using two jig positionings, but past that, you need another method.
5. angles might not be very accurate
6. Stones are separate from guide rods. They use a screw for a friction connection, which is not terribly accurate for repeatability, but as a minor benefit, allows rod and stone to break down into a more compact kit
You should look at the Gatco sharpener also. My buddy likes it better than the Lansky, he tried mine, and I trust his opinion. See also DMT...good diamonds from them, kit might be better still, not sure. Rods are permanently connected to stones... good for repeatability, but makes for less compact kit (pretty minor drawback to me).
EdgePro makes 2 kits, both more expensive than Lansky or Gatco. Many swear by them. Owner says diamonds don't hold up well, so he offers regular (I think) silicon carbide stones, which do wear out but he says are fine for modern CPM steels, etc, and you can replace or reprofile/flatten stones also. A "cadillac" system, with it's own pros/cons.
Use the search engine for rich content.
I use a bench grinder w/ two hard fiberboard wheels for anything 5" on up to machete length (22")...one wheel with silicon carbide grit, the other loaded w/ rouge. Angles are hand held. I can get a shaving edge on big machetes, even at 30 degrees. This may be close to the ultimate sharpening system, but it takes practice, a good eye, and muscle memory to keep a consistent edge angle.
Most makers use a slack belt and then a buffer or hard fiber or felt wheel for sharpening. This gives you the ability to put a flat or a convex edge on a final edge. Maybe I will use a slack belt someday too.