Over the years I have found it hard to beat the reasoning and test results on this sharpening issue as documented by Lyn J. Mangiameli in June 2004. His classic article is at:
http://www.morewoodturning.net/sharpen.pdf
and is well worth reading, even if you don't agree with the following excerpt:
"An edge formed off a
coarse wheel may well have the intersecting
angles be sharp, but the edge will
be uneven due to the uneven surface of
the stone, thus leaving an edge that looks,
at best, like this V VVV VV VV V. An
edge that is formed on a fine grit wheel
will have a surface more like this
vvvvvvvvvvvvvv. The tips of the V’s may
be equally pointed, but there is more side
support to the more closely and evenly
spaced tips. The widely spaced coarser
V’s are going to heat more quickly, and
will break down more quickly. This is in
part why a “sharper edge†(which might
be better called a finer edge) will actually
be longer lasting than a coarser edge."