selling one for all...
David Weaver
I had a friable white wheel, a pink soft surface grinder wheel that pretty much shed particles on its own, and some coarse gray wheels.
I still have a brown wheel (hardness not as bad as the hardest wheels for our purposes but it sheds particles only grinding mild steel or iron, not hardened steel).
I think LV is trying to sell a wheel (especially in 8" size) that will satisfy people grinding HSS turning tools. A 36 or 46 grit wheel is a bridge too far.
I had (I think) 100 and 120 or 80 and 120 grit white wheels for my first grinder after taking off the out of balance gray wheels that came with the grinder. It turns out that with a good dressing tool, a crown and frequent dressing that the really coarse tools made less heat than the white wheels, but they are definitely coarse and wouldn't be suitable for turning tools.
A wheel that's dressed for a second with a T-diamond tool each time it's used will never really glaze or dull enough to generate much heat. Forget to do the dressing a few times or get lazy, and then grinding will slow down because particles are not being shed from the tool sending heat with them. The performance of a freshly dressed cheap wheel for the time that it took to refresh a hollow was just as good (or very close) to the very friable pink wheels (those pink wheels wear fast and send particles flying everywhere).
I gave up on those. CBN will be as economical on the long term as any of the pink wheels (maybe not short term) and the only issue with it is that it will show you just how much metal dust you're grinding (whereas the other wheels may lead you to believe the dust is mostly abrasive). CBNs heat transfer efficiency into the steel or aluminum wheel below it is some number more like 60 or 70%. I've never really used water at the grinding wheel - it's not necessary if a coarse wheel (even a cheap one) is dressed, but it's uncommon now for me to grind any tool on a CBN wheel that's several years old that I can't just lay into my palm after grinding. I used to pull tools across my palm to cool them and to feel how hot they were. The hotter the tool, the faster you pull it across your palm.