It's been a long time since I changed blades on my RM 700, (don't use it much anymore) and do recall the spindle lock wrench giving me fits keeping it on. Seems on the outside blades, I could just barely reach to hold it on. Of course, this was while hanging on a chain hoist. The middle..?? Hmmm.., I may have wedged it with a block of wood between the belt and pulley.
Mine has LH threads, and the bolt is a Nylock type. cross drilled near the end, with a nylon insert, so as to make it not back out while in operation. An impact wrench does make it a lot easier to remove. Maybe something to put on the Christmas list..!!
I sharpen mine on the 8" bench grinder, and do prefer to have a pretty sharp edge. To each his own. But as mentioned, grind a bit at a time, so as not to get it too hot, and lose the temper. I always have a gal. bucket of water near the grinder to dip blades in to keep them somewhat cool.