For budget, I'm definitely with the abrasive discs & grinder. I'd have a better quality higher amperage grinder, which you can always find other uses for. One of mine is a bosch with variable speed,which can be useful. Do it outside with a fan blowing at least some of it away from you, a dust mask, ear protection , & my preference of a clear full face shield & go to town on it.
Like any removal method , don't stay in 1 spot too long for heat control. Some pads are better quality than others. Never used the h.f. discs & not sure if their life span per dollar is better than the more expensive pads or not. May look into mail ordering some.
Some paint is much harder to remove, such as old Imron & will eat up any abrasives. Old lacquers are pretty soft.
Personally I think the dustless system is a little over rated. You're paying for advertising of half the car shows on tv. Dennis is a cool guy, but a total advertising sellout. Biggest issue of use is it doesn't take away the need for a skilled user and still makes a mess. Pressure, not heat is the biggest warper from blasting & improper use will still cause damage.