Any knifemakers in your area ? Chances are pretty good you could get someone to show you the ropes so to speak and perhaps even let you attempt it under their guidance , just so you can see if it is something you want to get into.
With the 1x30 belts don't last long , and while removing metal doesn't sound all that hard , keep in mind this is hardened steel. The finer grits are used for scratch removal , the coarse stuff for material removal ( and sometimes skin

). The ceramics tend to run cooler.
I could never get a platen setup on the 1 x 30 that I was happy with. Plus that 1 x 30 is a screamer , it runs fast ! The 1 x 42 is pretty fast as well. I made one knife using a 1 x 42 and bought a Bader , with the 1 x 42 it seems all I ever got good at was changing belts.
Perhaps a better option is :
http://www.sears.com/shc/s/p_10153_12605_00921513000P
You can find it on sale often for $99
You mentioned heat shouldn't be a problem , believe everytone - the edge heats up
fast , so a nice cold bucket of water and quench that sucker constantly.
And remember , its not just about removing metal , its removing metal EVENLY. Especially since your end goal is to make it cut better.
Warning though - once you get it going and find the satisfaction in doing it yourself. There ain't no turning back... soon you have drill presses , disk sanders , 2 x 72 grinder's , mill , lathe....etc.
