After rewiring the leads from the motor, as per Grizzly's wiring diagram. I decided to test the new configuration for ground.
There was no continuity between the ground prong on the saws plug and the frame of the saw.
When I check the ground lead from the plug into the saws switch, there was continuity. But the two ground conductors in the switch were not connected to each other or to a common ground in any form or fashion. Grizzly had connected the two ground leads, one from the plug and one from the motor to the screws that hold the switches cover plate in place. Both of these connections are totally isolated from the frame or from each other.
When running a 120v system on a GFCI, the system will run without a ground and the GFCI should provide a considerable amount of protection from electrical faults. Still, I can see no reason to not have a functional ground.
When running a 220v system that is not on a GFCI, you really need a good ground.
Has anyone else had this issue with Grizzly tools? I guess that I'm going to have to test every Grizzly tool in the shop to see if it is wired correctly.