The wheels that come with a cheap grinder are...cheap. I suspect it will work OK-ish if you dress it often. What are you using to dress?
If you want to upgrade, Lee Valley Tools has a selection of good quality grinding wheels. For example:
https://www.leevalley.com/en-ca/sho...heel-dressers/62012-norton-3x-grinding-wheels
For shaping tools from a blank, the 48 grit wheel is a good choice. You'll need to use a hand-held diamond hone or similar to tune up the edges. Remember, only a tiny portion of the edge actually does the cutting. That is all that needs honing.
When you need to touch up an edge, an 80 or 120 grit wheel will produce a finer surface--but still should be honed. In fact, a minute of honing every now and then will keep a HSS tool dead sharp for a very long time.
Do you have a fishtail gauge to check your angles? From the picture, it looks like you have ground the top of the tool to produce a negative rake. That is very uncommon. BTW, it is common to grind a threading tool so the cutting tip is closer to the leading edge. Thats to let you get closer to a shoulder without interference.
Craig