Bob..... when I read your post I cringed! My very first buffer was a baldor 3600 just like you mentioned. At the time I was stationed in Arkansas, had about a year of knifemaking under my belt, and was VERY green. I was buffing on the machine, it grabbed the blade outta my hands, threw it THROUGH the wall of the shop, and when I found it out in the yard, the blade was in a "U" shape. After I got on a fresh pair of pants, I unplugged that buffer, and did without until I could scrape together the money for a 1800rpm model. I didn't want to give that deathtrap to any of my friends, so I wound up taking it to a second hand store, and traded it for a post vise.

I totally agree that if you must use one of the "fast" buffers, its far safer to use the smaller wheels!
Just this past winter, Gordon Alcorn was killed in his shop from a buffing accident.... I know we say it all the time, but these machines are truly the most dangerous things most of us have in our shops.