Sizing a tool post grinder would be the same as sizing a QCTP. You'll need to know the distance from the top surface of your compound slide to spindle centerline. Then check Dumore's documentaion (manuals) for base to spindle centerline dimension & see which one will work for you. As long as the Dumore fits within the max dimension of your lathe, you'll be fine, height is adjustable on the Dumore.
The smallest Dumore is the 14, next size up is 44. It'll most likely be one of those two. 14 is listed for 7" lathes & 44 is listed for 8"-14". But really you have to check dimensions to be sure since all models of lathes are different.
I first had the baby 14, really it's way too small for my 12x lathe and it's rated at 1/14 HP but I got it cheap. I just made a riser/spacer for it to work. A few months ago I scored a 44 for cheap. Now this one is better suited for my lathe & is 1/4 HP. I haven't tried the 14 yet but it fit my lathe with no modification. Even though I have a 44 now, I'm still going to keep the 14 as well.
I have not tried a 1/4" air die grinder & I'm thinking one might actually be more powerful than the baby 14 but a real tool post grinder will be much more rigid & give you better results. A die grinder will do the job but if you really want better results or grind often be sure to keep a look out for a Dumore or Themac, etc.