8iowa wroteAs Ryan said, there are many ways to sharpen a chisel. One key thought to keep in mind however is that you need a sharpening method that can be used without having to take your work out of the Shopsmith.
My son-in-law uses the Wolverine sharpening guides on an 8" bench grinder. With the grinder positioned on a bench just behind the Shopsmith, the chisels can be quickly touched up and then be put back to work. This is probably the sharpening method used by most dedicated lathe turners.
If you have a Power Station, you can also place it close by, and with the strip sander sharpen your chisels.
Great advice. I use their system regulary. If not familiar with it may I suggest watching the video on there web site. Beore anyone complains about the cost, consider this if you don't wish a lot of down time and are as challange4d at sharpening as many of us are. Get and follow wolverine system. I really works as guaranteed. Fjimp