I’m still sure it’s a sine bar diamond dressing attachment for a surface grinder but I can see your point, perhaps strip off the old wax and give us some not so close up pictures.
Basically the sine bar portion [the 2 rollers] is to set a slide at a specific angle, on this slide the diamond is mounted, the diamond is moved up and down the slide across the grinding wheel to generate the angle set by the sine bar.
Tony