Boys and girls! Play nicely in the sandpit, now.
Yes, a honing guide does enable one to repeat a setting.
And a repeated setting means that a fresh face is not honed each time.
Which means that one is not wasting time rediscovering one's bevel.
I have written a fair amount number of articles on the LV Honing Guide Mk II. I am no stranger to the Eclipse. I believe that honing guides have an important place to play.
But....
... there is something emotionally satisfying about honing an edge freehand.
If you are not woodworking for a living (I would starve at the rate I work!), then you are doing it for the pleasure.
Still, it is possible to make freehand honing both accurate and quick. For a start, I reserve the below method for blades used in bevel down planes and most chisels (the exceptions are Japanese and mortice). To maximise the ease of freehand honing, blades require to be hollow ground. It is easier to hold a (bevel) side flat on two points than on one wide point.
For blades used in bevel up planes, it is more important to grind and hone at specific bevel angles than it is for BD planes. I grind a flat bevel on a belt sander, then add microbevels with the LV Honing Guide Mk II.
I hollow grind blades on a 6" high speed grinder (I have toyed with the idea of getting a 8" one but do not know if there is anything to gain - the deeper hollow of the 6" wheel should last longer). It is possible to grind a bevel at a desired angle, should this be important. Well, I do like to use 20 degrees for paring chisels and 30 degrees for plane blades (particularly the HNT Gordon planes). This is easy enough if one uses the Tormek Pro Anglemaster:
Blades set up this way only require a few strokes on 800, then 1200, then 8000 King waterstones. Truly.
Regards from Perth
Derek