Looking at the spec of the wheel it mentions light cuts. I'd read that as meaning thou's. That spec of wheel seems to be available in all sorts of sizes and personally I would have thought 4,000 rpm would be about right for a 4" wheel. From memory slowing down needs wheels which break down more easily.
Norton mention 38A60-KVBE as being good for narrow contact moderate stock removal, 0.002 – 0.004 in HSS and tool steels. 32A60-KVBE is listed as better and 5SG60-KVS as best. For heavy stock removal >0.004 the grit sizes go down to 46 but the rest of the spec is the same.
The only speed they mention is 8,500 sfpm and up to 12,500 on request but this is for iD and Race wheels. Not sure what race wheels are but some of the wheels in this section are 6" dia. The one with your grade is 4"x1/4×1/2.
This seems to fit in with the white wheels I have tried – ok if used rather lightly. Intended for sharpening which should only need very very little material removing. A bit slow for shaping lathe tools.
John
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Edited By Ajohnw on 28/06/2016 10:39:16
Edited By Ajohnw on 28/06/2016 10:40:57