If its intended for doing single lip (and D shape) cutters that implies doing cutters for engraving work.
Looks as it it might be a bit more repeatable in semi-skilled hands than the common Deckel SO style grinder commonly used for such work. But, as Nigel says, in comparison its seriously over engineered for the job and inherently much, much more costly.
Can't help thinking that there were a boatload of other accessories for the basic machine to make the jobs it could do worth the price.
As its a French machine the engineering may well have a certain different je ne sais quoi in both concept and execution.
Clive