I have a Baldor 2x72 grinder (simply a strethced version of their 2 x 48 with a 2 hp DC motor) that's been running strong in my shop, and came from an industrial setting where it was run every day to clean castings for 20+ years. I've got it jerry rigged, and hot wired, but other than replacing a switch, it's been running for litteraly thousands of hours between my shop and the last one (probably 500-1000 hours a year previously)
I did resurface the contact wheel when I got it, but since the wheel is driven, I just used a file to true it up, I don't do any hollow grinding, so it's only used for hogging steel either in profiling or grinding other stuff. (I don't make that many knives, but I use the grinder a LOT)
Tony