not that i would use one but u would cover the surfaces up with a cloth and masking tapeAnd you do coat your lathe bed in very abrasive dust.
Yes, very precisely too. Provided your using a real tp grinder with either adjustable or graded for precision grinding spec bearings on the spindle, and not a dremel in a holder, or a die grinder in a clamp. Most the people dont even have the metrology equipment to be able to measure to the difference in precision but if you need it, it matters.What exactly are tool post grinders for? Is it for shaping really hard metals on a lathe?
