Ideal for chisels and bench tools. I have one too.
For Axes, I normally I use a water lubricated canoe stone or axe puck but if the edge is in a poor state my go-to method for axes and similar is an 80 grit angle grinder flap wheel. Pretty aggressive when new but soon calm down and, if you keep it moving, it doesn't overheat the edge. It's not just the edge that matters, pay attention to the shoulders behind the edge. I do like my edge tools sharp and I am soon due to give a session on tool maintenance to the apprentices at the local country park (not the first and I do maintain their tools).
C.