That's right. Carbide burrs come in a number of different shapes, and at least two tooth pitches - one for steel (smaller teeth) and one for aluminium (larger teeth). You have to buy the shape you need, and once it's dull, that's pretty much it. I think you can have the resharpened, however.
Yup, should be exactly what you need. Naturally glasses are *always* worn with the shield, of course. Remember to wear the gloves when you're dressing your mounted points. The grinder tends to run off the side of the dressing stone (onto your fingers/thumb). Not really painful, but a bit of a surprise.
I was once trying to agressively dress the end of a point off as it had gotten too small. I was pressing too hard without enough concern for where the grinder would end up when the end finall broke off (2:30am). I ended up jaming the very sharp stone into my left thumb, hitting the bone, and will have a crescent-shaped scare for a very long time. Blood all over the die.
Regards,
Robin