The advantage of using fast media like waterstones and sandpaper is that the process simply gets done and done fast. Why the navel-gazing? This is the chief advantage of these products - one can start at a finer grit and still process a dull edge very rapidly. Call it what you want, we're just removing bluntness. I suppose it would be lovely not to waste an angstrom of steel but obviously a fool's errand in the end. Look, feel, do what you need to do but just remove the steel necessary.
Because of their ability to remove material rapidly, if anything, fast media totally obviate the need for back beveling and all that hoo-hah.
Think about it like this -- if you owned a big kick-a$$ 20"++ wide 3 phase umpteen horsepower planer then a scrub plane wouldn't even rise to the level of quaintness. You don't need it. So goes the back bevel to the extent it's being recommended to remove bluntness. For Pete's sake put the petunias and Shakespeare's sonnets aside and just blow past 'the wear' with the fast media you already own. Oilstone users can just drop back to a medium stone if the edge has really gone off. No big deal, just remove more steel. Let your eye, your thumbnail, sense of timing and experience, hair on your arm, whatever, be your guide.
We're removing what has to be removed. All this other stuff is like becoming fascinated and infatuated with the off-cut from a workpiece instead of the workpiece itself. You removed wood because it was not needed. You're doing the same thing with blunt steel. It's like planing a board to width and all of a sudden becoming perplexed about how to take off the last 64th of an inch and thinking you need to conjure up some new scheme to remove it. Keep on planing. Keep on honing. Until you get where you need to be. I can't possibly imagine anything simpler or more basic.
And yes, if you really push an edge you'll have to remove more steel to make it sharp again and it this might require and additional measure of patience. I'm going to stand by my mailbox awaiting a nomination for the Nobel Prize in physics.