Bill,
The purpose of the control baord is to take AC mains, convert it to DC and supply it to the motor. I'm sure you appreciate that thus far.
One way of supplying said juice to the motor is via a Thyristor bridge controlled with appropriate circuitry, this will pulse the voltage to the motor, so that at max beans, the motor only sees 180Volts….Another method is to use a FET(s) in a pwm controlled circuit…..
Sean, my comments apply to your motor…., these control methodologies are adopted by the various manufacturers of the mini mill/lathe….Sieg have used both as an example..
Edited By John Rudd on 29/12/2018 21:02:14