OK, I'd never thought much about measuring the noise from the grinder. Since you've got a belt driven grinder thru 3 step pulleys I think you might be about right. A direct drive runs a good bit quieter than the belt drive. My first grinder was a 3 step pulley KMG clone. Never thought about the noise, it only ran around 3,000 SFPM or so? I don't remember exact speed. After I built the direct drive grinder I was amazed how much quieter it was than the belt driven grinder.
I just checked noise level on my 2X72 direct drive at 3600 SFPM so it would match your numbers. I used a new X weight 36 grit AO belt and noise level was around 90 db at my head level. Cranking up to max of 5,000 SFPM it was around 95 db at head level. It seems the tracking wheel was the most noise at 100 db with phone held 6" or so away from tracking wheel. By holding phone 6" away from each wheel I could check the db level at each wheel. This is with platen putting light pressure on the belt.
to the OP I'd say your noise are about right for that setup with the Combat 36 grit ceramic belts and the belt driven grinder with 3 step pulleys. As I said, I never measured noise level from the old 3 step belt driven grinder, but it was a good bit louder than the current direct drive.
I remember back when all I had was the 3 step pulley belt drive I didn't see why anybody paid the money for a VFD direct drive grinder. Heck I had 3 speeds, what more did I need? After building the direct drive with VFD, WOW - what a difference, so much smoother and quieter. No way I'd think about going back to a pulley driven grinder.