Martin, at the risk of labouring on I need exactly as the title: 1HP 3 Phase 1800rpm(or thereabouts) 240volt compact frame motor
Now I do appreciate you pointing me in the direction of the Seig conversion but I am not looking for one – All I need is a three phase motor.
I have Inverters, a Mig welder and plenty of material. I am going to do a three phase conversion exactly the same as the one Neil did and for the avoidance of doubt it is going to look like this:

Since everyone is trying to advise me in all directions except the one I am going I will give you my reasons.
If I ever sell the lathe (not really likely but you never know) all I have to do is take the motor and frame off the back, swap the pulley back and then all you need do is plug it in and you have a working lathe as it was originally.
If I buy a bigger lathe (looking likely) all I need do is take the motor off, swap the pulley back and then you have a fully functioning variable speed lathe AND a 1HP motor with VFD to go straight on the new lathe.
IF I sell the Chester I can imagine the conversation. "Yes, I took a perfectly functioning lathe, took the motor and controller off – it's over there in the corner – and replaced it one supplied by Seig for their lathe cutting everything up in the process and drilling a load of holes everywhere. No I don't know why either."
So you see, it's not complicated, all I want is a compact frame 1HP motor – and I am happy to say that Drives-Direct have them on the shelf, they are a stock item. The difference is about 25mm or an inch in old money on the diameter. More importantly they are a constant run motor which the DC motor is not.
Oh, and they are £79
graham.
Edited By Oompa Lumpa on 22/07/2014 14:31:27