Being some one who has used up a lot of 4.5 angle grinders let me say this. Lots you can safely do with them. With the .045 thick cutting wheels you can do a fair job of cutting steel close to shape. Always wear safety glasses and a face shield and gloves. I prefer an old style Jackson welding hood with the big lenses and leave out the shaded lenses. Wrap around coverage. Always clamp the steel securely and cut in straight lines. I am sure I could rough in bevels with a new 1/4' thick wheel. I would leave the handle end in its flat bar shape until the bevels are done and firmly clamp flat by handle end. Same safety rules apply. Holding the wheel at a slight angle to the length and the angle of the bevel to the width of the bar, I would make strokes up the bar towards the handle end taking material off the edge side of the bar as the bevel approached the spine I would go to a new wheel and flatten the disk to the blade, get the plunges close then flip over and do the other side. Couple things here, go slow and be aware that as you are mostly using sharp angle to the face of the wheel the edge will thin out, when it gets real thin little pieces will begin to fly off the wheel as the fiber reinforcement in the wheel is worn away, before that point run the edge of the wheel against a piece of secured scrap to wear away the thin edge. When you use the wheel flat against the steel to smooth it you will wear away the face and will get down to the reinforcement across the face of the disk. That is why I say use a new disk at that point and when it begins to wear the reinforcement away switch to a new disk and save the old disk for use at an angle. You can do a lot with a small angle grinder, it just takes practice and safety. Go slow or you will have divots and dips. Finish by draw filing and sandpaper on a bar.
Always be aware of which way the wheel is turning and will shoot the sparks. The crap in the sparks will ricochet of things and come back at you so watch what is around your work. The sparks are of course a fire hazard so use somewhere where easy combustibles are not present. That includes paper, rags, and your thin shirt.
One of the problems with the flapper is that although the bigger grits are aggressive the flappers are moved by the material and they round things, which would be OK for a convex blade, They also are more apt to hide your dips than a rigid wheel held flat.