I've been using one of my extra 6" buffers for the following, but a decent bench grinder would be better:
Wire wheels - good for deburring and cleaning, orange peel finishes on soft metals, etc...
Scotch brite wheels - good for very light deburring, as well as cleaning and polishing, surface finishing, etc...
Paper sharpening wheels - don't use them much anymore, but I do particularly like the rouge "finishing" wheel for getting a very quick and polished edge.
Eventually I'll probably pick up a couple of decent bench grinders to fit up with some different things. A silicon carbide wheel (or even diamond) for touching up carbide tooling, for instance.