Is there such thing as a "high-accuracy" grinding wheel? What does "high-accuracy" even mean in this context? If you mean of a precise dimension, then no. Grinding wheels wear and with the small amounts of material they are intended to remove, they are used to aim for tighter tolerances so small amounts of wear matters proportionally more than with other tools. Therefore you dress the to size with a diamond. The more precise you need the dimension the more often you dress them. There are finer grinding wheels but that doesn't mean high accuracy; It just means they leave a finer finish.