This is exactly how to do it with the only caveat being that free hand sharpeners in most cases have no idea what angle they are sharpening at and can't control adjustments to angles with any precision.
In theory you absolutely should adjust your edge geometry based on the steel, heat treat combination and the task. Acute angles on hard steel is one of the reasons why people seem to think low alloy steels can compete in edge holding with high alloy steels. So like
@Troopah_Knives suggested if you have fine enough control you should figure out the most acute edge angle your knives can sustain without chipping or deforming for your technique and the tasks. Taking to extreme that would mean that potentially every knife in your collection would have a different optimal edge angle which would be a pain and not really sustainable without some sort of a fixed angle sharpening system. On the other hand maybe you can find an average compromise of sorts.
This is also one of the reasons many here seem to disagree with other forums, where fixed angle sharpening systems are more of a norm, on which steels are best.