The inherent issue with manual sharpening is, being human, you cannot hold the cutting angles and gullet depth consistently across every cutter. You think you can, but in reality you cannot simply because of the human factor.
Far as grinding loops. I never use the red stone wheels, in fact I gave them away a long time ago I use aluminum rimmed CBN Cubic Boron Nitride wheels that never need dressing, just an infrequent cleaning with a soft white carborundum stone so the radius on the wheel is always constant and the radius determines the gullet profile. When machine grinding, gullet depth and profile stays consistent on both the right and left side cutters as well, you cannot obtain that when hand sharpening, it's not possible simply because you cannot exert the same pressure each tooth, don't care what you assume, you cannot. Called the human factor. I grind a ton of chains for others and I don't overheat the cutters ever, in fact, using CBN wheels, it's not almost impossible to overheat the cutters no matter how ham fisted the operator is.
Whatever blows your dress up is fine with me. I know what works in my situation and consequently, I do it.
I always maintain that the difference between a good running saw and one that isn't, lies in the condition of the chain loop and the rock of the bar to a lesser extent.