A properly designed serrated knife, does not "SAW",,,, and you only need a bevel on one side of the blade. The back of the blade should be completely flat.
The serrations merely exist to provide proper spacing between the so-calleed "teeth". The fewer serrations, the better.
"sawing" implies a chisel cutting action, with a forward-facing cutting edge to each "tooth",,,, and that is simply not how proper serrated knives are designed. Each "tooth" is actually a single-bevel knife-edge.
When sharpening, you should never need to touch the 'gullets",,,, Just sharpen the same as you would with any single-bevel blade. The gullets aren't involved in actual cutting,,,only the peaks of the "teeth" are cutting,,,, while the gullets themselves, merely help to reduce drag, and to space the "peaks" of the teeth" properly.
Think of it this way; start out with a straight-edged single-bevel blade,,, then apply a cylindrical rotary grinding tool at the same angle, and same depth of cut, indexed every sayyyyy .333" along the entire edge. With a 10" blade for example,,, you'd end up with a 30 tooth serrated blade, with each tooth being identically spaced, and the same height.
I've got a very old Zwilling 10" bread knife,,, probably 40 years old, which my girlfriend picked up in a yard sale. There are virtually no gullets left because the teeth are so badly rounded over from wear. When you place the blade-edge vertically on a flat surface,,, the gullets are so shallow that barely allow light to pass through. The gullets are probably 1mm deep,,,, yet,,,, that knife still cuts like a charm.
A while back,,,America's Test Kitchen tested a dozen or so "10" Bread Knives", ranging fron a few $, to $100. (or so). Their top pick was a Mercer Millenia with 31 serrations. It literally "fell" through heavy-crusted artesenal breads, with no signs of crushing. They probably paid $20. as I recall. I've bought three of those that I've given away as gifts, and kept one for myself, and I can fully understand why it was their top pick.