dunking your knife in a bucket takes all of what...2 seconds?
Good point...
This is a heck of an interesting thread; I keep thinking back to Metals Shop 1, freshman year of high school... first lesson, first day of class, "the bandsaw NEVER runs without the coolant on." More for the health of the tool than the steel, of course. But the same concept of excess friction and heat leading to problems, still applies.
If a guy does choose to just dunk frequently, what's the recommended coolant? Would a few ice cubes in the water, or chilled oil (which I think would stay cool longer than water) be better, or would it even make a difference? I was always taught, if the steel starts to feel hot on your fingers, stop and dunk it. (I never dreamed of wearing gloves while grinding till I read about it here, and I'm 100% against it, as were about 99.9% of the replies when the question was asked, if I recall right.) Also, "blue is bad" when grinding, hehe...
I guess what I'm wondering is, is it all that critical? Assuming a person doesn't totally abuse the steel and/or grinder. I read a series of posts a while ago, by a guy who said he grinds blades as fast and hot as he can stand, then anneals and heat-treats 'em. I would think he burns up belts and maybe motors pretty quick, but if that approach allowed you to grind blades(or finish forged blades) equally good a lot faster, wouldn't it be worth it?