I'm going to be modifying my 2x48" in the near future to take tool arms and use 72" belts.
My grinder is powered by a 2hp air compressor motor (I don't recommend one, it's price was right for me $0) to change speeds I have to change pulleys, which isn't too big a deal and I actually find myself using the slowest speed I have access to right now for everything and it's not too bad. I'm going to be modifying mostly because of the better belt selection/value and for the ability to use tool arms as I only have a flat platten now. The first attachment I'm going to get is a flat platten, then a small wheel kit (for profiling blades) then an 8 or 10" contact wheel.
If I was starting from scratch with the experience I have now, the order of priority I'd look for is;
At least 2hp,
A design that uses tool arms (not a grizzly or Kalamazoo),
Variable speed,
The ability to tip and run horizontal.