Thanks for the pics Dan. That looks great and surely something I will add to the grinder eventually.
In that case Nick it would have to be a THIN coat of oil so it doesn't clash with my cleanliness obsession.

I am glad you enjoy the thread. I also made a smaller holder for the other dresser I have. I still cant for the life of me figure out how I am suppose to use this tall one. Maybe it was simply made for a larger machine.
Back to work. As promised, a couple of pics of the dust collector. I ended up doing like Don suggested and hanging it free of the machine. I also ran it as straight as I could to the grinder to optimize flow. Only thing left will be to make a couple of flaps to help direct the sparks into it a little better. This is more about my OCD than measurable performance since with the amount of suction, the sparks already pretty much all go into the collector.
And an action pic, just because...
About the heat, it is not as bad as I thought. These readings are after running the grinder for about 10-15 minutes. As you can see, the heat is highest at the front of the spindle. Hopefully somebody on the Yahoo Group can tell me if these readings are normals.
There was almost no oil coming out this time when I ran the grinder and just a little bit seeped out afterward which make me believe (or hope at least) that Don has it right. I'll continue to monitor the situation a bit before venturing down the slippery slope that is taking the spindle apart.
Of course I still have to tweak the finish part of it but I did put the micrometer on the part I ground and it was flat within 1-2 tens. Maybe a hair more because of my poor measuring tools and skills but even something like half a thou is something I could never even come close to on the mill. I tell you, I am a happy camper.
Now I need to figure out is changing the bearings on the motor is something I want get myself into. Not that I don't like all this but I am itching to go back actually making knives.
Thanks again for following and for all your help.