My 15 micron wheel used to be a smooth one, but a while ago i made a few very narrow slots in it's surface myself.
I started experimenting with diamonds on Paper Wheels several years ago to be able to sharpen & polish ceramic knives to my liking, and later i found how well this combination worked on high (vanadium) carbide steel types also, especially on more polished edge types.
My understanding is that bench grinder is not use for sharpening since it can heat and ruin the edge of a knife. I was looking through this thread but could not find any references to heat management of paper wheels. It looks like the paper wheel system is an excellent option and if it is so good why not it became the main system of choice? I am very much interested but I am afraid to ruin my knives. Can heat affect the blades?
Did somebody made measurements after wax was applied? Why I can not apply wax to ceramic grinding stone to get the same result? What makes paper wheel different? I guess according to physics theory as soon as two system cut with the same speed they suppose to generate the same amount of heat! This is a good article for reference: https://knifesteelnerds.com/2019/04/08/does-sharpening-with-a-grinder-ruin-your-edge/Once applied carefully this layer of wax will keep frictional heat during sharpening well below the threshold where it would start to affect the temper in your apex.
I've remember some people doing experiments on another forum with different types of Tempilstick temperature wax on knife bevels, and i've even bought one of these sticks myself (without ever using it so far)
About using wax on a ceramic grinding stone: i do exactly that on the grindstone of my smaller benchgrinder, and imo it works very well for rough grinding of handheld smaller metal parts without overheating them too quickly.
Compared to a solid ceramic grinding stone with fused abrasive particles a Paper grit Wheel made from compressed cardboard with glued-on loose abrasive particles has a tiny bit of "give" in it's surface, which makes the grinding process a bit less agressive, which creates less friction thus less heat. (when the same force is applied)
That "give" is also what makes knife sharpening on Paper Wheels more controllable by dampening the impacting abrasive particles a bit, which allows you to keep the knife practically still while doing passes.
Adding a lubricant/coolant improves things even further.
The wax only goes on the grit wheel, not on the slotted burr removal/polishing wheel when you use it with the supplied block of white aluminium oxide.
I don't think i would use any oil on the Wheels in their standard configuration.