Nope . I use a Tiger 2000 (A Tormek clone) and sandpaper stuck on a piece of plate glass before I got that . The only difference is it takes a little longer , but not too much .
If the carbide is integrated into the shaft of the tool, sharpen with wet/dry sandpaper used wet.
For tools that have a carbide cutter screwed to the tool, use a credit card type diamond hone with either oil or water. Do not use a cheap diamond hone or one with holes in it.
Now you tell me,,, i have been using the one with the holes. only once though. i was using the sandpaper and glass before. When you say cheap, what do you mean, the price difference i saw at woodcraft were in size. I thought. Thanks Carl