I have to give a major kudos to mikey. Thanks to his instruction and guidance, I'm getting better and better at getting my HSS lathe tools ground correctly. I can take much bigger DOC now on my lathe and I get long spiral chips coming off the tool which I never did before. I'm sure they are not perfect, but they are a major improvement of what I was getting previously.
With my newly completed belt grinder, I can fix my previous attempts quickly. It's easy to regrind the tool with a coarse belt something that my bench grinder would have takes 10X -20X longer. I'm using very fine belts now (600, 1200 grit) to give the HSS a nice polish. I still use the diamond hones to touch up things, but I have to admit, I'm not that good with them. Holding the hones flat on the faces can be tricky especially the front and top faces.
One thing I noted is that using the 600 and 1200 grit belts overheats the HSS much quicker than the coarse and medium belts. This seems counterintuitive. When using these belts, a light touch is required with frequent dipping in water.
In any case, a big thanks to mikey!