OK, I was on my phone and had to keep my earlier reply short.The bottom of the side plate, where it transitions into the gullet, is quite a tight curve with the 1/8" wheel . . .
DEPENDING ON HOW YOU GRIND . . . . .
I have posted this illustration many times. 'Grind as you File: File as you Grind'. If you do this, it is easier to go back-and-forth between a grinder in the shop (heavy sharpening), and a file in the filed (touch up sharpening), which I do.
If you grind like this, you will get a hollow ground top plate cutting edge, and a rounded side plate cutting profile. But a lot of guys take their grinding wheels deeper into the gullets, essentially shaping the top plate cutting edge with the side of the wheel, and the side plate cutting edge in a straight, instead of curved, profile.
90% of the guys following this thread have moved on by now; only the true chain geeks are still following . . . .
You don't really have a choice when using a thinner wheel, unless you want to re-set your chain holding dog and depth adjustment, and do the larger cutters in multiple passes. If you try, you will probably end up with serrated side plate cutting edges (an interesting idea in itself!). What I would really like to see is research from Oregon, STIHL, etc. which would let us know if there would be an appreciable advantage from having MORE widths of grinding wheels available to match all the recommended file sizes (1/8, 5/32, 11/64, 3/16, 7/32, 1/4, . . . ).
As for your asymmetrical wheel edge, aside from the balanced wear issue, I would have a concern about chasing gullets. After I sharpen the edges, I often go back and chase the gullets with the same wheel, and I think that the corner might dig in, in some cases.
Philbert