I started on a crapman 2x42 and used if for a while and made quite a few knives on it. Enough that I burned the motor up and replaced it.
After trying a 2x72 though, it was a world of differance. My first 2x72 was a coote and it's still a great machine. The differance is weight for one thing. I've discovered that most machine tools that do any sort of cutting, belt grinders included, it helps to have a good bit of mass to them. When I switched from the 2x42 to the 2x72 I didn't up my speed that much, if any. What I did do was find that it was easier to get consistant grinds and I wasn't as tired at the end of the day. Also I got more accurate. The Coote, and my new KGM both have step pullies to ajust the speed. I used to start with about an extra inch of blade and after grinding it'd be the rite length. I also saved a little bit of time hand finishing because I had a machine that was stable enough and could be run slower to use some higher grit belts to good effect.
The 2x72 is generaly cheaper to operate, last longer, and is generaly easier on the operator than a cheap grinder. It won't make you a better knifemaker, but it will take some minor obsticles out of your way.
When you get rite down to it, a belt grinder is nothing more than a powered file. A 2x72 is akin to a Niclson black diamond file, where the cheap ones are like the china files, they'll work, just not as well. If you can find a maker near you and try one out you'll be a believer.