I have a couple CBN's on my variable speed (0-2,400 RPM), reversible 3/4 hp, four wheel grinder.  Love them, but always use them at around 300-500 RPM.

IF I were using them on a high speed grinder, I'd go with a finer grit, to lessen material loss, and to reduce the danger of overheating.     

SIDE NOTE:  M2 and other metals that play well with CBN should never be quenched. It fractures them.