I need a belt sander

I have a Craftsman 2x42. I, like most, was scared to death when I saw the prices on production 2x72 grinders. I did not want to sink that much money into a new hobby. I have used this grinder for about a year. It is only 1/3 hp and needs more guts.

I also wanted to slow it down.

I recently found these videos on youtube for some pretty easy mods on the grinder. I don't know if the links work - you can just search youtube under "500dollarknifeshop"

http://www.youtube.com/watch?v=bZwemN7t45g

http://www.youtube.com/watch?v=2qfYT_m2Tw0&feature=related

Has anyone tried removing the disk sander and installing a pulley to drive the grinder externally? I have a 3/4 hp bench grinder and was thinking of driving the Craftsman with 2:1 pulley ratio to up the power and cut the speed in half.
 
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