I've got a grinder that size (12" wheels, 2HP) and really, unless you're doing a great deal of fairly heavy fabrication, no, it's not always worth it.
A grinder that size is a heavy starting load (due to the wheel inertia) for a VFD, and not recommended for a static converter. So unless you have native 3-phase, you'll need a rotary converter- and unless you keep it running most of the time, you'll find it's inconvenient to start the rotary, start the grinder, touch up a small part, then shut everything off.
I really only use mine for heavy work- either lots of parts or thick chunks that need a lot of metal removed. And while I do that kind of thing on occasion, it's getting kind of hard to justify the room it takes up.
That particular unit is also 440 volt. It can, sort of, run on 220V, but it'll be way down on power. You could get a transformer to turn your native or generated 220V 3-phase into 440, but that's just more complexity and cost.
If you do get it, you'll also find those tool rests are close to useless. They're nicely made and were probably perfect for whatever they were doing with it (probably deburring big chunks of plate) but for a day-to-day job shop or home shop, you'll find them getting in the way for 80% of what you need to grind.
Doc.