To update my post on page 1 of this thread, as well as my own thread about diamond and CBN wheels, I was contacted by Axminster Tools today. They took both my slow speed grinder and the two CBN wheels I'd ended up with back to base three weeks ago after I'd been unable to cure the lateral runout problem with the CBN wheels when fitted to the new grinder. I won't go into what remedies I tried here, but they were numerous.
Gratifyingly [in a way], Axminster Tools told me that their technical staff had been unable to cure the lateral runout either, and not just with my wheels on my grinder but with all the CBN wheels they have in stock on several examples of the same type of grinder. They concluded that the wheels, the purpose-made bushes for mounting the wheels, and the grinder are not compatible as things stand, and they are currently working on incorporating some design changes to newer versions of the wheels, bushes and grinder. They couldn't or wouldn't elaborate on what they feel the root of the incompatibility is.
It appears from recent reviews of the grinder on Axminster's own site that I'm not the only buyer who was unable to cure wheel wobble when fitting CBN wheels to it.
A full refund is currently being processed for my purchases.