It makes sense to me to mount a disk to a spindle of some sort. An electric motor isn't built properly for the application, though it must work well enough because everybody does it.
A real spindle will generally have two matched radial ball bearings mounted against each other with some amount of preload at the working end of the bearing and a third bearing on the other end of the shaft that free floats to accommodate thermal growth of the spindle. Electric motors incorporate none of these attributes and instead deal with the rather significant thermal issues in an electric motor by allowing the spindle (and I'm using the term spindle pretty loosely here) to have end play.
...anyway, I'm rambling...
I think most folks use a 56C for this. They can be had in higher HP, but I don't think you need as much HP as you would grinding against a platen on a belt grinder. What are your thoughts on this?