I voted for high-speed grinder, although it is a bit of a new thing for me.
Up until quite recently I've been shaping my primary bevels with a course waterstone (Norton 220) but I was finding that with A2 blades in particular this could take ages and keeping the stone flat was a real pain. If I dropped my 220 waterstone tomorrow and it broke I don't think I'd worry too much. I certainly wouldn't buy another one.
I recently bought an 8-inch, or 200mm, bench grinder that runs at 2850 RPM. The store where I bought the grinder only had one type of wheel other than grey ones, 80-grit white wheel with a K-bond, so I bought one of those as well. At about the same time I ordered a 60-grit
Norton 3X grinding wheel from Joel at Tools For Working Wood (I couldn't find them in Australia). I ordered the 3X wheel because I read on some of the US forums that these are good for grinding A2 steels without burning them.
I initially installed the white wheel on my grinder and used it to grind some old high carbon steel chisels of mine that needed rehabbing. I found that I could grind these chisels quite successfully without burning them using the white wheel. I just proceeded slowly, but much more quickly than I ever could with my 220 grit waterstone, holding the chisel with one of my fingers up really close to the edge being ground. As soon as my finger started feeling hot I removed the chisel from the wheel and either let it cool in the air or dipped it in cold water.
Since this time my 3X wheel has arrived from the USA and I have installed it on my grinder. I haven't actually ground anything with it yet though. I'll have to let you know how it performs on A2 steel.