Hi Gareth, you do not mention which type of M300 you have purchased or are purchasing.
I have the same later (2003) white model that Ken Wilson covered in the MEW no.154 -2009. These models have more extended electrical controls than the cream coloured earlier versions. There are more contactors and overload protectors to deal with.
I found Kens version really good but overly complex on the logic controls. I hence did my own circuit diagram on the CAD with a lot of help from a friend who is an electrical wizzard and got him to check it all as i progressed. All the contactors and overload protects are done and supplemented as in Kens circuit but my logic controls differ but still retain all the use of all original controls and safety features.
I do have the coolant pump in the circuit which worked when i tested it but i never use it. I use a none soluble cutting oil from a Wurth oil spray application bottle. I find this far more userfriendly to the machines slideways etc.
I use the Teco inverter which to date has been perfect. I do have an issue with the foot bar brake. It works as normal if not used too heavily but under total emergency hammer down braking it decelerates the inverter too quickly and throws an error that needs a total repower to clear. It does do the dramatic stop that may be needed. This is because it also uses break blocks on the pully alongside the inverters electrical breaking. At the moment i live with this but may be future work in progress as i dont normally use the foot brake as the saddle lever controls work very well on their own. I know the foot brakes is there if i need it in an emergency.
You do need to Joint the yahoo harrison lathe user group as there is masses of info on there on VFD,s and their application and highlighted potential problems that have been overcome. There is a user on there called Rupert Powell who has provided invaluable info and drawings, some of which I have incorporated into the logic part of my controls.