I've been reading this with keen interest. I initially started stropping because I didn't have a fine enough stone for finishing. The process was a bit like Seller's but without the convex bevel. I glued some thin suede leather to MDF and charged it with CrO2 and hit the edge with 20-30 strokes after the 5k stone.
I've since bought a 15k finishing stone. I think I get a more consistent edge from the stone than I did from using the strop. For me, consistency is really important. I'm beginning to get the best consistent results by lightly stropping with a few strokes after the 15k stone. I'll also go to the strop or the 15k + strop to touch up the edge quickly between full re-honing.
I don't have much theory or math behind this method. It's more a feel for how the chisel or plane is cutting. I've tried various things people here suggest and this is what's working for me today.
-- Dan Rode
"We are what we repeatedly do. Excellence, then, is not an act, but a habit." - Aristotle