Sounds like you have a really good setup for starting out. Another thing to consider when talking about speed is the size of the piece you're working on. As Lin said, too slow can create its own set of problems. That would be multiplied on a 1/4"+ thick Bowie with a 14" blade. The same reduction in speed may add many hours to a large knife, but only one hour to a small Hunter. You can hog a lot of metal off of a large blade early on and then slow down as you get near completion and straighten out any screw ups you made early on, where one slip up early on with a 1/8" thick, 4" blade Hunter can ruin the whole thing. I mainly build the latter. I've only built 2 bowies and am partially through with my third, and those are the only three times when I have really sped my grinder up. Also, your goals need to be considered. If you are trying to sell a knife, going too slow would either make you have to raise your price or make less $/hour. If it's a hobby, like for myself, and you are mainly making small knives to give to friends and family, the extra time used is less of an issue.