Several years ago, I was looking into finding the prefect grinding wheel. I thought diamond, and you can have them made (Amplex, Norton). Found a guy here in town who could make one for me. He said that diamond was for carbide, but didn't work well for steel. The steel would clog the diamond wheel. He suggested CBN (cubic boric nitride). It is made for grinding steel, you have to order them, and they are an aluminum disc with 3/16 of CBN bonded to it. It comes already spin balanced. An eight inch by 1 inch wheel costs about $300. You don't dress them, you use a piece of very hard aluminum oxide to clean it. If the wheel does need to be dressed (the 80 grit wheel once since I had it, and it didn't really need it), you have to take it back to the maker. It will eat diamond dressers. I tried to dress it with the ceramic guides to my bandsaw, but it just cleaned them off. My 80 grit wheel is over 3 years old, and is worn down about 1/3. I had a 320 grit wheel for about 1 1/2 years, which wore out faster. I am now using a 150 grit wheel for gouges, and it is wearing better than the 320 wheel. The 320 was just a bit too fine for gouges, I don't think it removed enough steel to refresh the edge, almost like honing, it works okay, but some times you need to take the tool back to the grinder. You do get the wheel grit made to order. I do know that 3M is getting into CBN wheels, and if you have some place locally that sells grinding materials, they probably have it, or can get it for you. Not for everyone, but I really like mine. I would go through maybe 2 wheels per year with the amount of turning I do.
robo hippy