When using one you still need to dress the wheel with a diamond point, I use a mag base when I do this, also get coarser wheels, like 30ish grit and 60 for finishing. Set the compount of the lathe to 87 degrees
and use this for fine feed, as I remember this gives you .0001 feed for each grad on the dial. Use layout ink when picking up the od of the work, when you see the ink start comming off you are in contact.
I always figured grinding was about ten times as accurate as turning,
Try lathe filing something then grind it and you will see all the waves and diameters you made.