I think one of the biggest things, is what space do you have?
Next, size of material you’ll work on.
Longer belts, run cooler, therfore, last longer. 2x72 is used commonly in garage knife makers. I want one, i don’t have the room. I do have a 1x30 (the Harbour Freight type), that works pretty well. Many, many belts available for it, different types, the cheap ones are very cheap. Many different brands: Princess Auto, Harbour Freight, King, Wen, they’re all basically the same, around the same price. Some come with a sanding disk on the side, extra nice.
But, for 2x4’s and 4x4’s you’re looking most likely at a belt that’s 4 inches and up, and those, tend to not work well for more close up, small work like hammers. Might also have trouble finding belts meant for metals, and in the grits you need. I mean they exist, but you’ll probably be paying a pretty penny.
If you’re handy, there’s lots of plans out there for 2x72 belt sanders. With a variable speed motor, you can do wood on them too, and lots of belt types available.
There’s also lots of designs for combination grinder/belt sanders; as well as buying them.
Names i found: magnum industrial belt sander/grinder, grizzly G1015 knife sander. These give you a grinding wheel on one side and a belt on the other.
Was that too much? I hope something useful was there.