This is the first thing I have read about honing/ deglazing a nikasil cylinder .
I reckon it is overkill, nikasil is so damm hard that it doesn't glaze up, what happens is that bits of carbon, piston and piston ring get ground up into tiny, tiny pieces and fill in the "valleys" between the nikasil "peaks". You get a perfectly fine deglazing result with strong detergent in hot water and a "scotchbrite" pad.
When I first read something similar to the above I did not believe it, i remained sceptical right up until I did as instructed with the hot water, detergent and scotchbrite. The cylinder was quite shiny beforehand and not afterwards.
As part of my lifelong quest to avoid anything remotely reminiscent of manual labour, the next time I have nikasil cylinders to prepare for re-use I'll pop them in the dishwasher, I suspect that will have the desired result.