You cannot beat a professionally sharpened mill.
That being said.You can touch up the mill by running a diamond stone UP the side of the flutes(90* to the cutting surface, the plane that is parallel to the top of the blank.I NEVER touch the flat side.I do 8 passes on each side.This is counterintuitive to normal sharpening procedures but it works.It doesn't replace a regrinding of the "edge" by someone who has the proper set up.
Lowe's sells a small diamond stone and nylon belt case in their knife section for $6.00.
It is milled out of steel with square edges. I bought it for and only use it for this purpose.
The purpose of a mill is to ake a moating surface perfectly flat and square to the tube,I don't trust that to my eye and a grinder.If you can do it better to you.I know and accept my limitations.
Also I have that universal set from PSI and an extra 3/4 cutting head.It works great, occasionally I need to use the re loaders chamfering tool from AS.Indispensable.