The two types are what I call Desic diamond or CBN wheels, the plated ones, like diamond files etc
The other is resin bonded diamond and CBN wheels. The resin bonded is in two sub types, wet grinding and dry grinding.
I have recently purchased a Chinese made D bit grinder and a spare hub,(hub is yet to arrive). It comes with the Brown resin bonded diamond wheel of about 150 grit. I have some sorting to do with the hubs and the spindle taper, so once sorted, will make my own hubs.
Back to the wheels themselves. You can buy from China the wheels at a very good price. My suspicion is that they are seconds, so the bodies don’t run true etc to the diamond / cbn matrix.
My solution, I lapped flat the wheel face on a steel plate and 46 grit from the sand blaster, until it is flat all over. Took about 3 to 5 mins or so and makes a brown powder mess. Used news paper to catch all the dust and grit ect. iThen mounted the wheel to the faceplate with a piece of printer paper between the bond and the faceplate. With a piece of shim stock between the stylus and the bonded matrix, and a central clamp, indicate the compound to be running true as can be. In my case was about 0.06mm between the high and lows . Turn the outer diameter of the Alloy body. and the end face close to the central washer true. Set up some outer clamps, remove and true the inner bore to Ø25.4mm, and out to Ø55mm. Made a plastic washer 25.38 od and 19.98 id to fit the supplied hub. (Hub is undersized at 19.97mm). Remounted the hub, indicated the hub flange face to be true. Mounted the wheel. It runs very well. The inner flange face is cut with a reverse tool , looks like an L and only cut to about 44mm diameter. Just a skim to make it true. The L piece is 11 mm long from the side of the bar.
This will not be as true as if I had a proper drag dressing wheel kit like shown above. They are the best way of dressing resin bonded Diamond/CBN wheels. Another option is grinding some Cast Iron, or a piece of Mild steel. To get a sharp front edge, there needs to be a relief at the front of the material. On way around this is to attach a block of cast or ms to the holder. That way it can be dressed from the inside to out.
I have a vacuum cleaner pipe close to the wheel and workpiece to collect some dust etc. It goes through a cyclone dust collector that also has a clear catch can. I have an added filter inside the vacuum cleaner between the bags and the original filter to catch any fine dust that may escape. I wear a N95 mask to reduce the amount of dust getting into me as well.
With the above, the centre of my wheel had a runout buy 0.3mm and the bore was Ø20.1mm. Some of the offset may have happened with my lapping of the wheel face. (its 50mm thick). But the wheel did run very badly as supplied. The diamond matrix is actually quite well controlled for thickness and the inner and outer ring being very concentric. It was not very well centred and the stock was not that well made.