I have done the motor swap & fitted a VFD, here are some pictures.

Motor fitted to it’s bracket, I replaced the supplied feet with new ones that match the bracket, whilst they are chunky and have not adjustment in the feed, just the bracket, they do the job with about 20mm of adjustment. I replaced the puller with a new one, that is taper-lock, surprisingly cheap compared to an imperial one, this is 75mm rather than 3″.

Motor fitted, I used the original flexible conduit for the screened cable, that is clipped to ensure it is kept out of the way.

Electrics mounted in the cupboard, I have added fuses to allow for me to add in a DRO & tacho in the future. The only issues I had were that the number of earths I could fit in the VFD is limited, hence extending the control cable screening to the earth on the DIN rail.
The supplier suggested a 16A fuse, which i fitted, even though it is fed off a suitably fused 13amp plug.

I have used the existing hole for the suds pump, that I do not have, so the jog control, only jogs forwards, but I don’t imagine it will be an issue for me. I decided to replace all the switches as I was adding one, also replaced the rubber edging on the door. Since taking this picture, the coolant image has been painted out.
Cost for the motor, VFD, mains cable, potentiometer & most switches came to £345, items for the DIN rail, about £20, about £15 for pulley/tapper & new belt, then I added items like the bootlace ferrules & crimper, control cables and a few other sundries.
One thing I found from the manual for the motor, don’t run it below 30Hz, without external cooling, even though the motor is rated down to 5Hz, if I want to go slower, I will add that, I decided for the occasional jog, with no cut, when you hold the button, it will be OK. Perhaps I should have looked at the minimum motor speed more, I was expecting there to be a point it would need extra cooling, but not that high.
The suppliers quick start guide was useful, but adding the jog control meant I had to make some small adjustments, like make the minimum speed about 5Hz, but set the lower limit of the potentiometer to 30Hz.
I have so far only done a few test cuts, I don’t think I am getting the vibration I had, a chuck touching the inside of the cabinet cupboard used to fibrate, but time will tell.
Am I glad I went this way, yes, was it much cheaper than a pre-built package, perhaps a bit, but I got what I wanted. I have learnt a few things, including what to look out for if I replace my 2-speed Bridgeport motor with a new one, consider smaller pulley set, fun at 75Hz for top speed down to 30Hz, keeping each pulley step to have roughly the original range.
Improvements to make, work out the min/max at each pulley setting & print that out plus fit a tacho. I should also have looked at the control cabling I ordered & got extra cores so I did not use the green/yellow core as a signal.
Mark.