I can’t answer for anyone save myself. When I indulge my OCD (more of a rarity recently), I am aiming for that scientificaly perfect edge. The thinest edge that the steel will support, and no visible scratches under high magnification (Clay has gotten some blades so smooth that scratches are not detectable with 800X. That would do for me…)

Of course this kind of edge is not practical for most uses that a knife would be employed for in real life. It is typically fragile, and, as you noted, takes very little use before it becomes scratched.
In this case, the goal is simply being able to get there. The more you get into smaller and smaller abrasives, the more the laws of diminishing returns applies. Many times the cost in tools and time spent for a few percent “improvement” at the edge.
So why do I do it… you know the answer… Because I can..and want to.
I like carrying a super polished, hair popping,treetopping, HHT passing, pattern push cutting blade to show off… I get sharpening jobs that way 
When I am going to take a knife into the field… or even my backyard, 1K to maybe 2K with 6 micron stropping, gets me where I want to be.
BTW, I intend to try the superfine ceramics (1200 or maybe 1600) for a microbevel after the 1K diamonds as Clay suggested to see how that works with no stropping… that may be my new “standard” if it works as well for me as it has for him.
I must admit though, most of my utility blade sharpening, and jobs where folks don’t want to pay for the precision of the WEPS (and time that it takes)I do on a belt grinder. 240, 600, grit belts then HF1 and jewelers rouge on leather… well under 10 minutes and a very sharp knife.
If you are happy with the edges that you are getting, there is not much reason to buy more stuff..
Phil
Phil