I have one of these Huanyang VFDs and whilst quite happy with it, it does have some downsides compared with well know brands.
When I got it I already knew that the Modbus communication (I think) is not usable but that does not matter on my lathe motor. Getting it configured initially was challenging as the manual is pretty poor. With help from forum members here it was soon up and running.
The first time I switched the power on nothing happened so I switched off and checked the wiring. I switched on a second time and again nothing happened. By nothing happening, I mean there seemed to be no response whatsoever, no noise, no lights, nothing! I then found out that I was not waiting long enough. From applying power to the display lighting up is probably 20 seconds. This is not a problem but its just unusual behaviour.
My second dislike was the audible noise from the cooling fan, Its quite loud and it runs continuously. I have fitted an electronic thermostat on the heatsink and its set to 50c. Now, the fan only runs very occasionally and probably has only come on a handful of times in the last three months. What is interesting is that I only hear the fan when I switch the motor off and then it only runs for 20 or 30 seconds before the temperature is below the setpoint.
The main problem I only discovered last weekend. Over the last few month my wife has had difficulty maintaining a stable WiFi connection but every time I investigate the problem has gone away. To cut a long story short, I never see the WiFi problem because 'I' don't use the Wifi and the lathe at the same time!
As mentioned earlier in this thread this VFD is electrically very noisy. The cable from the VFD to the motor is only 18" long although it not screened, nor is the 1m long mains lead. I have a mains filter which I will fit this weekend and report back.
Ian P