That is a discussion where it seems "most" folks tend to choose the 1725 rpm because max torque available in the lower rpm ranges - exactly where you DON'T need max torque. Here is the torque vs rpm curve for a Baldor 1750 rpm motor.
As you can see the torque available up at the 3450 rpm range is way down. This is the rpm you get with the 2X jumper on the KBAC-24D VFD. I can't put my finger on the link right now, but seems like I remember the 3450 rpm motor has just a small tad more torque at 3450 rpm than does the 1725 motor that's been oversped to 3450, but doesn't really make sense because the 1725 motor has 4 poles while the 3450 rpm motor is a 2 pole motor. That's why the 3450 rpm motor is less expensive and not so heavy as the 1725 rpm motor.
What you're looking for is a max belt speed around 4,000 SFPM (or more). It takes 4,000 SFPM as a minimum for the ceramic belts to work, and perhaps even better is 5,000 or 6,000 SFPM for ceramics. To me, anything much over 4,000 SFPM is scary fast. (edit (2023) to update, I'm now comfortable with 5,000 SFPM max speed and use that speed for hogging.)
With a 4" drive wheel it takes around 3800 RPM to get 4,000 SFPM.
With a 5" drive wheel it takes around 3800 RPM to get almost 5,000 SFPM. (edit to update, I now use a 5" wheel)
With a 4" drive wheel 1725 RPM to get 1800 SFPM.
With a 6" drive wheel 1725 RPM to get 2700 SFPM, that is why most folks using a 1725 rpm motor will put max freq at 120 to double motor speed to 3450 rpm. With a 6" drive wheel 2450 RPM to get 5400 SFPM (all belt speeds are approx)
For my work it seems a 3450 rpm motor works good with max freq set to 70 hz for a max motor rpm around 3800 rpm. This allows the motor to run down around 300 SFPM speeds for those slow delicate grinds.
Once the motor is wired up and grinder in service, you'll never know the difference between the 1725 vs 3450 rpm motors, except the 1725 motor is heavier and more expensive to purchase.
Oh, there is no problem with overspeeding the 1725 rpm motor with the 2x jumper. I would hold max motor rpm below 4,000 rpm.