seeing that ive been mentioned here, i suppose i should add my opinion :D
Ill start off saying " I like strops"
The edge in the following video was done on 2000 grit Sandpaper then i used all the micromesh lapping films (12, 9, 3, 1, 0.3 microns) all edge leading , then I stropped on MDF wood at 2.5 and 0.5 microns (went up because the diamond paste is more consistent than micromesh with dust on it haha), at this point , i have started alternating heel tip-tip heel. I then went to balsa with 0.1u Cubic boron Nitride paste. I then did about 10/side passes on 0.1u CBN on leather. Finishing off on plain leather. Here is the result:
[video=youtube;FmjllFdVArA]
http://www.youtube.com/watch?v=FmjllFdVArA[/video]
As CliffStamp mentioned, I am leaning towards harder strops (wood) as they are closer to stones, except I can go up to finer grits than stones come in. with a solid strop, you dont risk rounding the edge. But I most always finish with a soft strop- what you have to remember is
less is more, too little does nothing and too much weakens the edge
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Back to my normal polished edge routine, it will go up to 0.1 or 0.5u microns using all the same media, except I wont do tip to heel- heel to tip.
For burr removal if I form one , I use an unloaded denim strop to remove it, then I will go back to the stone and carefully re-apex (or sandpaper or what ever)
For coarse edges, if I form a burr, ill strop it off on the denim with a few degrees added to the angle, and carefully sharpen back to apex, then ill refine it matching the angle on denim, then ill do 5/side on a 0.5u diamond loaded leather strop to polish the tips of the teeth- crazy sharp.
All in all, as my experience gets greater, the more i realize I don't need strops all that much, they're only great for:
Burr removal
edge refinement
Polishing the teeth on a coarse edge
an extreme polish,- but only if you finished on very fine stones, otherwise you can end up with an edge with minimal bite as the apex isn't properly formed.
also, im tired and rambling, some stuff I say is subject to change as I learn more, or when im more energized lol
:)