I plate quench cpm154 exclusively, and grind pre and post HT. However, I have a couple of variable speed grinders and my blades have large flats on them. I've had no warpage problems to date, even with pre HT edges down to 20 thousandths or less in some cases (to my surprise).
Smaller folder blades with very little flat surface area might be an issue. Grinding post HT with your grinder could be as well. Even with good synthetic belts and slower speeds, burning is easy to do if you loose concentration or hold it too long while trying to clean up near the tip. And this is on blades that have more mass than a small folder blade.
Be sure to wrap the blades with three layers of foil and crimp the edges closed well. If done properly, this will leave a multi color patina that can be removed with scotch brite by hand and reduce or negate any clean up grinding so you won't have to worry about burning on the grinder after HT.
I'm not sure what belts are available for the craftsman, but the Norton Norax engineered AO and ceramic both cut pretty cool and only when pressure is applied. This might allow you to leave a flat for quenching that can be ground out afterwards. Carefully...
The quench in LN really helps as well. It adds a point of hardness and evens out the blade so that it reads consistently from tip to end on my hardness tester. I didn't see this so much with the dry ice/alcohol bath. I believe the bath helps, the results just weren't as apparent as with LN.
If you can get this process down, it will leave you with a blade that will hold a working edge for a very long time.
There are pics of the patina that forms after HT on cpm154 on my FB page. It's really quite beautiful and I'm going to try to leave it on the next knife or two.
Justin
Black Raven Arms
https://www.facebook.com/Black-Raven-Arms-947029985371467/