Another update on this machine:
Because of the problems I showed above with the pink wheel wearing down quickly, I bought it a higher quality grinding wheel. This is a Norton MVBE series aluminum oxide grinding wheel, 3" dia x 1" wide, 60 grit, right out of McMasters catalog. It cost $12 whereas the pink wheel was $3.
I had to quickly machine up an adapter sleeve for it, got it mounted, and tested it out.
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So far, so good. It took about 2 seconds to grind off the tang of my usual stainless fretwire.
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Looks great Bruce!