It is a relative term, "sharp" and with more experience mowing, sharpening, etc. you'll get a better idea what sharpness works best on your lawn yet minimizes wear on the blades. Dull blades will shear or tear the grass, rather than cut it, and too-sharp blades will wear down quickly.
The Honda blades have a unique jobs, so the blades are shaped and sharpened differently; as the blades spin across the tips of the grass, the lower blade cuts off a tip of grass that is anchored to the soil, and a microsecond later, the upper blade cuts that now floating tip of grass again. This produces very fine clippings, which mean the bag fills more evenly or the mulch created is more fine. It is my understanding the physics, airflow, etc. all are part of the engineering and design of the blade shape, including the angle of the cutting edges. The larger, bottom blade has more surface area to generator more airflow to keep the clippings circulating, allowing the upper blade to cut and cut and cut again until the bits are so small they can fall down into the lawn when mulching.
The blades are a heavy mass being rotated by the engine. Having them accurately balanced will significantly reduce vibrations caused from an out-of-balance blade. Less vibration on the mower means bolts won't come loose, parts won't fall off, and less irritation to the operator's hands. The engine will, in theory, have a longer service life the less external vibrations exerted on it. You can easily balance a mower blade with a round-shaft screwdriver placed in the center hole. If a blade side consistently drops, remove more blade material from that side. It won't take much.