Well, I've tried and tried to get the left side to run true. I finally got the right side to run true but no matter what I do, the left side will not run true. I decided to order the Rikon Low Speed Bench Grinder Pro (1 HP) from Ken Rizza. My hope and prayer is that the left side shaft on my old grinder was just enough "out" to not allow a true run of either CBN wheel. I guess we'll see what the new one shows up.
Here's to hoping that this will solve my problem.