I agree with Bruce Evans in that, as described--plunging in and out, with a suitable wheel, this shouldn't be too hairy, though I'd rather see you using an actual abrasive cut off saw for it. You could set it up, clamp it down and make the cut. That's about as safe as it gets and there may be some advantages if you wanted to do some controlled grooves or something.:thumbup:
A "real" belt grinder with "real" abrasives would still superior for just cutting bevels, though I'm uncomfortable with implication that it's a "safe" or 'appreciably safer' tool/method.
After all, we're working close to unguarded belt edges moving at high speed. (Jim Hrisoulas, for example, suffered severe tendon damage some years ago by brushing such an edge.) Also, belts explode occasionally presenting a potential for severe personal injury. In addition, a belt grinder can throw pointy objects with the best of them and many of the best machines have no guards at all.
How about grinding freehand edge up, as so many do? Roll the edge a bit and "Bang!!"
Or how about buffing a knife with a soft muslin buff on a bench grinder?
I know a number of experienced knifemakers that have been stabbed in the lower parts doing these things.
So take care, whatever you do!:thumbup: