I'd be inclined to just get the correct wheel or possibly make an arbor adapter that sizes down to what you need.
Always be very mindful of the maximum RPM rating on the wheel and never, ever exceed it. It can kill you.
My rationale for not modifying a wheel is that you may introduce a fracture and the wheel could come flying apart. A fellow member here had a mishap with a wheel (one that was not modified) not too long ago and he got lucky and only lost the tip of his finger.
Ray
thanks for the opinions. where would a fella look for a 5 or 6 inch x 1/4" wide with a 3/4" hole, 80 grit or finer ?
I "binged " it and except for the 7-800$ ones, I have been unable to locate. . . . I would like $20-30.. if possible.