A 6" wheel has a circumference of 28" and an 8" wheel has a circumference of 50" so the peripheral speed of the 8" wheel is almost double that of the 6" wheel for the same rpm. Putting the 8" wheel on a slow grinder will roughly halve it's speed and will bring it back down to where the 6" wheel on a high speed grinder is.
As a comparison, a 10" wheel on a whetstone grinder running at 120rpm will have a peripheral speed of 157 inches/second; a 6" wheel on a fast grinder will have a peripheral speed of 1413 inches/sec and an 8" wheel on a slow grinder will have a peripheral speed of 1214 inches/sec. All these sharpen the tool but the whetstone is significantly slower.
There are other factors to consider too -
The faster the wheel, the faster the removal of metal
The faster the wheel, the greater the amount of heat is generated.
The harder you press, the more heat is generated!
The longer you hold the tool against the wheel, the more heat is generated!
A newly dressed wheel will cut faster and cooler.
Not all wheels cut at the same rate. Generally the better wheels cut faster.
Much of the above is common sense but there are many factors other than speed that affect the outcome.
In answer to the original question, an AlOx wheel of 80-120 grit would be fine for general use.