I took a couple of shots of some of my sharpening gear.
#1 left to right. DMT fine/extra fine diamond honing plate, 4"x10", Japanese 8000 grit polishing stone. Proprietary ceramic polishing stone. The Japanese stone will put a mirror finish on an edge tool, but requires a little delicacy, and a little maintenance. The ceramic will put a mirror finish on faster, with no stone deterioration. It is made by a friend of mine that used to work for GE, and made stuff for the aerospace industry.
The diamond and Japanese stone use water, and the ceramic is used dry. I keep a spray bottle of water on the workbench. The ceramic stone requires occasional cleaning with dish soap and a Scothbrite pad. Oil stone will sharpen the tools acceptably, but they are much, much slower, and you have to deal with the oil and mess, and they will also wear out of shape over time. I use the diamond and ceramic exclusively now.
#2 I use a Veritas MKII jig for sharpening everything from framing chisels to plane irons. Most chisels are fairly easy to sharpen by hand, once they are in good form. Plane irons are a bit tougher. The Veritas MKII has a straight roller, and a camber roller, allowing you to rock the tool back and forth to achieve a rounded edge. Small woodworking chisels use a square edge, and all of your timber framing tools will have at least a slight radius.
#3 Camber roller and registration jig. The jig aligns the tool to the guide, and also sets the angle that you will be honing the edge to.
Woodcraft, Lee Valley, The Japan Woodworker and Highland Woodworking are good catalogs to order. I bought my jig and DMT stone from Highland. If you have tools that are already in good condition, all you really need to maintain an edge is the DMT, and a polishing stone. You can also strop instead of using a polishing stone. Norton makes great two-sided (two different grits) water stones, and they are a bit tougher, and cheaper, than the Japanese stones. They may even have a kit with a couple of stones and a truing plate.
I would avoid any powered sharpening equipment at this point. A couple of sharpening stones will be more than enough to keep you whittling away at timbers. The diamond stones cut the fastest of any that I have used, and they don't distort over time. I don't spend a lot of time going up through the different grits, I go from the fine side of the DMT, to the x/fine when shaping, and then straight to the 8000 or ceramic for polishing.
Another alternative is to use 3M wet sandpaper. They offer paper down to I believe a micron or so, in the range of the 8000 grit polishing stone. The sand paper is used on some sort of very flat surface, such as a granite surface plate, which one of the catalogs I mentioned carries, I think Woodcraft. They are about $30 for a small one. If you have a polished stone counter top, you can also use that. The sand paper is a good way to go as it is a smaller initial outlay, and if you gouge them, you throw them away.
Sorry for the info overload, it isn't too complicated, once you try it.