I'm grinding with a 240G King waterstone, honing on an 800G and polishing on a 6000G. The 240G gets flattened with a cheapy coarse DMT. The finer stones get flattened on the coarser one below. I find that the 240 wears too fast for my taste, and still doesn't cut quickly enough when you need to true up a badly out-of square iron or remove a nick. I've just scored a hand crank bench grinder on the 'bay which I'll use in future to perform those tasks.
I think I'm finally at the point where my sharpening is consistently of hair-shaving quality, and when it's just a quick hone and polish it doesn't take me more than a couple of minutes.