Jeff :
I wish I knew what you mean by over sharpening it
If you hone the flat side to the extent that you have created a burr then you have oversharpened. Burr formation is to be avoided because it leaves the edge is a weak state and unless it is removed, which is not trivial, the edge will degrade quickly.
When the edge blunts, use a ceramic rod that has been freshly cleaned, and stroke using very light pressure, check the edge every pass and stop when it is sharp. if the rod is dirty, or you press hard, you will just roll the edge over without removing any metal. This just blunts the blade, and even if you align the folded metal the edge will be no sharper.
When using the clean ceramic, if you go to far and use that many passes that a burr has been formed then you need to remove it with an abrasive that is capable of cutting the metal, stropping on plain leather, cardboard etc, will align the burr but you *don't* want this, you need it completely removed. The burr is a very thin, wispy piece of degraded metal. It you leave it on the edge it will fracture and compact during use damaging the edge underneath and thus blunting the blade prematurely.
For high alloy steels the best stropping compound is made from CrO / AO mix. Lee Valley sells this in big green bars. It is both very fine (0.5 micron, 16 000 grit) and aggressive enough to cut the steel. Now since the edge is convex you will want the abrasive on something soft that has a bit of give to match the curvature, leather is good.
The problem with stropping, especially with high alloy steels is that the compound is not quite aggressive enough to cut the burr off right away. It will basically remove some but fold the rest over. Thus you have to keep flipping the blade over and stroking on the other side. The larger the burr you have formed, the longer this takes. You can actually just try stropping with the compound right away first and not use the ceramic rod at all. It is a more aggressive technique.
Note that this technique (stropping) only works for so long on high alloy steels. Eventually you will want to recreate the entire edge fresh as neither the stropping compound nor a fine ceramic rod will aggressively expose fresh carbides. Eventually you will note that the edge loses aggression. To sharpen then just strop using a coarser compound (5-15 micron, SiC), or similar grade sandpaper.
You can also of course freehand the whole thing using flat stones but this takes a much greater skill.
-Cliff