Hi guys, I owned a Tormek when I first started pro sharpening on the road so I've got a few observations that I can add here from my time with it.
The model I owned was their initial version (with the 10" wheel) and micro-adjustable tool arm (I think it was called that?). I had every single attachment they made at the time and used only a fraction of them, mostly the knife (2 types) and scissor jig.
They only offered one wheel at the time, the light gray (or sometimes called the blue) wheel. This was dressed between coarse and fine surface texture using a hand held grading stone (I forget the exact name).
The Tormek is an extremely well built machine - top notch quality. I have zero complaints with it's quality and reliability. It seems like it's a decent option for someone looking to maintain their own tools but I can, and will, attest to it being a poor choice for any professional sharpening scenario.
There are a few problems that aren't apparent when looking at the Tormek but become very obvious in use as a pro. The wear rate to cut rate of the wheel is the greatest issue. The wheel does not cut as fast as it should when considering how fast it wears. I spent about 70% of my time on this machine grading or truing the wheel. Not only is this a loss of man hours it's a loss of wheel radius and that both equates to a loss of money.
Tormek retailers love to show how fast it is to cut in a bevel on a chisel, and it's true - it is, however they neglect to show us that this chisel has already been ground to the radius of the wheel on the machine they're using. If you're taking a flat beveled chisel to a Tormek wheel you will be there forever grinding in the new concave bevel and if the tool is nicked/damaged, well, good luck to you.
This can also be true of a previously sharpened tool that returns to the Tormek where the wheel's radius has changed - you have to re-grind it all over again.
For folks that want to use multiple wheels (like those offered from Japan) they will all wear at different rates which means they'll have different radius sizes where none will match up to each other. This will quickly happen after the first use.
As for speed, there's nothing slower than a Tormek. I have (no lie) actually nodded off on two separate occasions while grinding on this machine. The first time I fell slumped over and ground a hole in my shirt.
You
can not use a Tormek to profile a knife. If you grind across the wheel's face you'll get flats, if you grind lengthwise down the wheel's face (the better way) you'll grind a deep groove on your stone.
You
can not use a Tormek to thin a blade. Yes it can be used to slightly thin an edge but if using the jigs they don't allow for low enough angles to grind up high. If you free hand, at this speed and wheel radius, you'll make a real mess of a blade and wish you never bothered.
I eventually sold my Tormek. I found a supremely better option for my work in a belt grinder.