I have used a skidsteer mounted grinder. I've also used a walk-behind manual swing (Rayco of some sort, looks VERY similiar to what Glenn posted pics of) grinder as well as a Vermeer SG252.
Of the three, the Rayco comes in last. Swinging it manually SUCKS! But it did a good job of braking (no, not breaking) a ballcart with a boulder on it down a hill once.
The skidsteer mounted grinder has it's place, if you have a lot to grind in a large area, it is worth it.
For all around general use, of the three, I would have to go with the 252, though it does have it's limitations. Mainly the steering sucks and it is slow to move from stump to stump if very far apart. It does a good job though.
Here's a suggestion: RENT a grinder, as you need it. If you can line up 3-4 (or more) stumps to grind in a day, charging $75 or so per, then after the first stump, the grinder is about paid for for the day. I think we rented the 252 Vermeer grinder last week for $100 for a 24 hour rental. Used it on the job for 6 stumps, then I brought it home and ground a lot more on the clients tab.
I don't think you will make a lot of money grinding, but if you are losing other work because you don't grind, then like I said, rent as you need to, if you find you are grinding more and more, then look at buying. Charge more for the other work if you can to help pay for the grinding....
That said, have you looked at a Dingo or MT50 (or similiar) with a grinder attachment? The mini-skidsteer base price is lower (just slightly though) than a full-size, and it can go through gates usually without a problem. Getting one with tracks reduces ground pressure too and doesn't leave ruts like a wheeled machine will. (Though some here may argue about that point....)
Dan