Using a dry grinder isn't a hard skill to master. Crowning the wheel, as Joel Moskowitz from TFWW in his article a year or two back was the the trick that made everything work for me. Certainly, one of those seeded-gel-abrasive wheels that runs really cool can't hurt, but I've been getting by fine with my stock grey wheels that came on my grinder. I think I'd prefer the cooler wheels more because the increased friability means stopping to dress the wheel less often.
There are reasons not to use a dry grinder on your tools, but difficulty in use shouldn't need to be one of them.
Practicing on something you care less about is a good idea, but even if you blue an edge, it's not the end of the world - I've done it a couple of times in the past, but I certainly can't think of a time when I "ruined" a tool. I'm not sure how you'd entirely ruin most tools. Larry Williams actually starts his sharpening DVD by bluing the edge of a favorite chisel of his, and points out that the steel is still harder than the wood, and even if you don't regrind past the bluing, the tool can still be used, it just needs more frequent honing.
" Be willing to make mistakes in your basements, garages, apartments and palaces. I have made many. Your first attempts may be poor. They will not be futile. " - M.S. Bickford, Mouldings In Practice