Should work fine. Bandsaws, drill presses and lathes benefit from the ability to change speeds on the motor that you can get using a VFD. While you have the motor out, check the bearings and refresh them if the motor is going on 20 years old or older. Might want to replace bearings on the wheels as well. I've been using a Rockwell 20" saw for a long time that came with 3 phase and I routinely slow down the speed depending on what I am cutting. Good luck and post some pix, we all like pix.
Here's the mirror, er, uh, motor as it sits. It came off a compressor that died; as far as I know the motor works still. The compressor threw a rod. I'll test it when we get back to Maryland; we're visiting the inlaws in Florida. FIL is an HVAC guy; he runs across these often and sells them for scrap. From now on he'll contact me first to see if I want one he finds for a project. In another thread I mention a 2hp, 1ph motor he's giving me, too.
I assume "permanently lubricated" means sealed bearings, right? I'll be replacing them either way; no reason not to.
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