Is this old Wilton 4103 suitable for grinding?

Looks like I can get it for $700.00 I have a drill press, a portaband in a SWAG table and a Kalamazoo 1" x 42" belt sander I use for shaping scales. Do I need a forge or can I start with just basic stock removal methods? Anything else that is mandatory for a not even beginning knife maker?
if you have it, spend the $300 or so and upgrade to variable speed now. keep an eye on Craigslist and eBay for a front load kiln or lab furnace that is over 12" deep. get a piece of 1/8" thick 1084 from Aldo or 80CrV2 from AKS and get busy.
 
if you have it, spend the $300 or so and upgrade to variable speed now. keep an eye on Craigslist and eBay for a front load kiln or lab furnace that is over 12" deep. get a piece of 1/8" thick 1084 from Aldo or 80CrV2 from AKS and get busy.
Pretty tapped out right now. I think variable speed will have to wait a bit.
 
First grind on a blade is done, Only have 60 grit aluminum oxide belts so tough to get a decent bevel. I ended up going to a flat grind as the bevels just weren't good enough. Just a practice run using mild 3/16 x 1.5" flat stock. Had trouble with the plunge line specifically on the on the one side. I obviously over ground the tip. I think I can do better when I get the smaller, slower drive wheel and some more belts. I am looking for a critique of my work and what specifically to work on. Don't hold back you won't hurt my feelings. IMG_2371.JPG IMG_2370.JPG IMG_2372.JPG IMG_2373.JPG IMG_2374.JPG IMG_2375.JPG
 
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