Another excellent post, Mike. I totally agree.
I like to imagine a two axis graph. The horizontal axis is tool use time. The vertical axis is percent of sharpness. The starting time is the full sharpness with the grinding wheel and honing wheel (if used).As the tool is used, the line moves to the right (with use) and down as the tool dulls. When the tool reaches a certain amount of dullness, and the tool is sharpened, the vertical axis returns to the original high point. If we take the average sharpness, the average sharpness will increase as we sharpen more frequently. Higher average sharpness translates to cleaner turning.
Jeff Farris also made the recommendation to purchase another tool already shaped instead of trying to reshape the original tool on the Tormek turning DVD. He also adds that in the possible case where you decide you prefer the original shape, there is no need to regrind.
Like Mike, I hold both Glenn Lucas and Nick Agar in high regard.
Ken