As toolmaker for Colonial Williamsburg,I was on a museum budget,and bought a HF grinder for the shop. It was,at the time,one of the FEW reversible grinders out there. I think ENCO's is reversible now. Probably exactly the same unit as HF sells. Be sure your grinder is reversible,or you will find it awkward to get some of the angles you'll need on lathe tools.
The HF was fine,and never blew out,though you never can tell with chinese stuff as quality control is spotty. I put diamond wheels on it. I also have a Bridgewood unit I bought in 1986. It is at least TAIWAN made. Still works fine. The green wheels are so soft I don't care for them,though they are for carbide.
Blue zirconia belts work fine on a belt grinder for HSS. I have a Wilton Square Wheel belt grinder. Mine runs about 4000 sfpm. You want to try to get a speed close to that for effective metal grinding. I do have a variable speed motor on it for more delicate types of work,though.