I avoid wathcing the 'Im a personality looking to make money off YT nonsense' 'machinists' Like Ave, Abom and a load of others. ThatLazyMachinist is an ex-instructor, he has excellent videos, theory and practical. OTOH Suburban Tool makes a living grinding and rebuilding grinders. He isn't the first to remove some material from a wheel to balance it. But it wouldn't be my preference due to lack of practice, and nerve.
I think that is a pretty good way to look at it. I don't trust the self anointed experts, those with vested interests, or the personalities. I'm ok with learning from someone who genuinely has the skills, experience, knowledge, and desire to teach it.
I share your "nerve" reservations. That pretty much sums it up. Ive seen first hand what grinding and cutoff wheels can do when they decide to let go. Even if suburban drills grind stones for a living, and really does know what he is talking about, I think it's irresponsible to suggest that greenhorns should do that. You should watch the video to see first hand what he did to a wheel. Unbelievable.