planing ebony of any kind, I'd sharpen a block plane iron and a paring chisel similar, figuring you want the total bevel on a block plane for ebony to land around 60 degrees or so (bed plus bevel) if you're planing a surface. If you're planing to remove stock, then you can tolerate a little tearout (esp. on ebony since it doesn't really have any "straws" orientation and when it tears, it just sort of crumbles at the surface).
Veritas tempers O1 far softer than V11. I'd have no preference on ebony if you sharpen and modify the tip of the iron with a buffer. If you sharpen to a pointed apex, then probably the V11.
If you avoid chipping, LV's V11 will probably stay sharp more than twice as long as their O1. It would be nice if they offered both at the same temper (hardness), but they seem to position the O1 as soft for people who want it to be really easy to sharpen.
I sharpen all chisels except mortise chisels with a shallow final bevel (about 25 degree final bevel) and then buff over the tip. It'll stay sharp nearly forever.
If you want to do this trick to the bevel up iron, then it effectively controls tearout around +5 degrees (as in, if you want to buff the tip of an iron so that it will hold up and stay crisp in a bevel up plane, 55 degree apex total plus buff will behave just like 60 degrees, but it will feel sharper and the shavings will look different, like they're waxed.
How you get to the 55 degree is just final bevel plus bed.
The answer isn't quite as simple for bevel down planes as people seem to have some trouble managing clearance on bevel down planes buffing the bevel side, but I do those (when warranted) with a final bevel around 23 degrees, then buff. It sounds very shallow, but the buffing rounds the very tip over abruptly like this:
http://www.woodcentral.com/articles/images/958b.jpg
and damage doesn't occur to the edge. too much buffing and clearance is lost. I never had much of an issue with it, like I said, but it's puzzled a lot of people getting the touch right.
http://www.woodcentral.com/articles/images/958m.jpg
Note in the same piece of wood with the same iron how much better the buffed iron (buffing over a 23 degree final angle) held up than the 32 degree flat bevel - the apex got battered by silica on the latter - the former ignored it.