The rings do 320 passes. Conversion of passes to 'sharpened pairs' is arbitrary and has been stated different ways on occasion since the Sparx first shipped.
I keep my steel well maintained and 'sharpen' my skates every 3 or 4 hours of use with a couple passes per skate, which I judge mostly by the absence of nicks in the steel sidewalls, and by a uniformly smooth pitch/sound for the full pass back and forth the runner.
Unless my blades have suffered trauma from hitting a post or stepping on debris or metal around the dressing rooms/benches, I find two passes every 3-4 hours of icetime means perfect edges all the time. It's quite liberating to play like that, and I think most new Sparx users quickly realize constant 'touch up' maintenance like this trumps letting your blades get bad enough to require 4 or 6 or more passes.
So based on my metrics of two passes per skate I can "sharpen 80 pairs" of my own skates per ring. But on the flip side, I do sharpen way more frequently now that I would if I still had to drive to a shop and pay $8-$10 per sharpening.
colins