I have only had a grinder for a few months, a Coote with a 10 inch wheel. I hadn't heard of that formula before, but it seems to be about what I have found by trial and error.
For those that don't know, the Coote does not have the facility to fit loads of different wheels. If you are adventureous, and a handy machinist type, you could probably make some new holes in the frame to allow you to fit an 8" wheel even if you bought the grinder with the 10" one, but I doubt you could go as far as modifying for the 6" wheel.
Using the 10" wheel is a little frustrating for handle work since my style of handles can be shaped better with an 8" wheel. Also, I am a flat grind fan, so have been using the wheel to hog off most of the material before just truing up on the platten. The 10 is too big to do much flat grinding in line with the wheel, the transition from bevel to ricasso just takes too long, or so it seems, but then on a longer blade you don't get as much of a problem with taking divots out as you would if flat grinding on a small wheel.
I still am not sure whether I would have been better with the 8", only time will tell

I might have a go at modifying my grinder to take the smaller wheel, but probably not this year. I hope you have good luck with whatever you decided on
Chris