I believe that unit is 1800 ft/min? That is a good place to be.
I will run my Bader B3 at ~3000ft IF i have a fresh and or coarse belt and move quickly.
The 180-500grit will serve you fine. I don't think you will see much advantage to using the 1200grit, especially if you finish with the leather and green rouge.
500 grit followed by the leather (or a buffer if you feel lucky) should provide a mirror polish.
If (when) you discolor (burn) the edge, you will want to grind past it with a fresh belt and remind yourself to be more cautious.
The blade can be too hot to touch by hand and still be fine, but not every material will have the same tempering range.
ATS-34/154CM will handle higher temp without damage than S30V, O1, etc
I can get a blade shaving sharp just using belts but I prefer to start the edge with a belt in the 120-180 grit range, then I use a Gatco medium diamond, followed by ceramic followed by a pass or two on a loose buff.
Very time consuming but visually flawless and hair popping sharp everytime.
Best of luck with your endeavor. It can be very addictive! (I say this as I am preparing to sharpen 10 newly finished knives for a show in two weeks...)