Same here. I use the 6"x 48" or 12" disk for larger stock, and the 1"x 42" for the smaller stuff. The 1"x 42 works great for sharpening mower blades. Much easier to maneuver the longer ones into the proper position. I also like the fact that it only takes a few seconds to change belts on the smaller machine. Sometimes locating and tensioning the 6"x 48" belt can be a real PITA.
One thing I noticed a while ago when looking for belts for the 1"x 42" is that machines listed as "belt sanders" usually have speeds around 8,000 SFPM and use relatively low hp high rpm (3450) motors. Those listed as "belt grinders" usually run at 4,000 SFPM or less and use more powerful lower rpm (1725) motors.
Having said that there are certainly marketers willing to list their machines in whatever category they think they will sell the greatest numbers.