When we think of knife performance, it is the geometry of the blade that is the most important. I can give you a knife in MagnaCut with a thick edge. It won't cut for crap. So you want a nice, thin edge. Thin edges tend to roll/chip more easily. That is why you want a harder steel.
So if MagnaCut is run hard, it will most likely dull before rolling or chipping. It will still cut, especially if you have think geometry. Once a blade starts to roll/chip, performance really suffers. That's when you need to sharpen.
I have never sharpened MagnaCut, but it only has 4% vanadium (the hardest carbide) and 2% niobium (another hard carbide). You can probably get away with something like the Shapton Pro line of stones. They are readily available.
So if MagnaCut is run hard, it will most likely dull before rolling or chipping. It will still cut, especially if you have think geometry. Once a blade starts to roll/chip, performance really suffers. That's when you need to sharpen.
I have never sharpened MagnaCut, but it only has 4% vanadium (the hardest carbide) and 2% niobium (another hard carbide). You can probably get away with something like the Shapton Pro line of stones. They are readily available.