East Coast, definetly a 1/3!
Look at SVST Final Cut base edge beveler. Just buy a 1 degree. and SVST Aluminum w/stainless steel glide plate Side Edge beveler. (You can buy a kit that has a 90 degree beveler and comes with 3 additional shims to do a 1 ,2 or 3 degree or you can by 1 dedcited 3 degree only. wwww.race-werks.com
As far as stones go Moonflex Diamond stones are the way to go.
A true hard Arkansas stone, a medium gummi stone and short bastard file (Swix is good) and a 2nd cut Swix short file.
2nd Cut: (16 teeth/cm) 4 3/4 inches. No tang Bastard: (13 teeth/cm)
A Swix extra- fine 18 Teeth per cm. file (for base edge beveleing)
Should be able to do this (And this is all top quality stuff) for mayube $225.00
One word of caution, to increase the side edge angle from a 1 to a 2 or 3 on your K2's you may have to cut the side wall back. You can do this with a dedicated side wall planer/removal tool or with a 7 degree side edge beveler (these are made specifically for the procedure known as backfiling) with a short Panser (Cross) file.
Questions? ask away!