We used the DD750X sharpener on black oxide, titanium nitride, cobalt, and carbide-tipped drill bits and it worked perfectly on every material, although it did grind away the coating on cheaper bits.
I've been thinking about buying one of these but I don't know if they are just a gimmick. Also, if they genuinely work well how good do your bits need to be in the first place to be worth sharpening?