A search will give you lots of info, but since I went through this not too long ago, I'll summarize for you. On BFC, the most popular grinder is the KMG. A lot of people use others, but that is the one that people lust after, for the most part, and it's the one that is probably the most versatile. So, if you're looking to do lots of things, or you want to maximize your ability to produce knives (like you're a pro and it makes a difference if you spend 30 seconds changing the contact wheel or a couple minutes), then that would be the way to go. The URL is
http://www.beaumontmetalworks.com.
That said, versatility comes with a price. Attachments aren't cheap, but the good news is that you can get into a basic KMG for about $600 plus change (plus motor, plus shipping... the things are HEAVY!!!). That gives you a flat platen. But, you can upgrade it pretty much in any direction you want to go. So, it's a great machine, I've never seen anything bad printed about it, it's versatile, it's expandable, you can go anywhere with the motor you want, etc, but it's a bit pricy (although seems reasonable compared to other professional models).
On yur budget you may want to look at Norm Coote's machines (
http://www.cootebeltgrinder.com. He makes them in the USA, and for a little over $400 (plus change, plus shipping, plus motor, plus pulleys) you can get his 2x72 that allows flat grinding, slack belt grinding and hollow grinding. It is a 2-wheel machine instead of a 3-wheel machine like the Bader and KMG, so certain operations, like tapered tangs, are tough with the Coote. I have a Coote and I love it, but I don't have anything other than a bastard file to compare it to! The Coote is well made. You add your own motor. I got my 2x72 with 10" contact wheel, platen and the small wheel attachment, plus the pulleys I needed and a belt to run it all off the motor, for around mid $600's, shipped.
You can use anything, of course, but that's basically the way I see the options based on popular opinion. A few others around here use Coote's, too, and like them, but the general consensus is that if you are pretty serious about making knives and you have the ability to pay for the KMG, or to save up for it, then do so. OTOH, you could get a Coote on your budget and then get yourself a KMG fund and squirrel money away for an upgrade in the future if you want to. The real downside is that there is really not much of an opporunity to see these things in action and try them out before buying. So you just kind of have to look at the options and do a search and see what seems to fit your needs. Good luck and let us know what you end up with!!!