As Clive says, the belt system and back gear still allows just as much power, with torque, for either motor type. The advantage is that a wider choice of speeds at the twist of a knob (or press of a button) comes with a VFD.
Adding a greatly more-powerful motor is folly, IMO. Any time that powerful motor is at full power, it will likely stress the machine – even worse if there is a ‘crash’.
Most machines will tolerate a power increase but 33% might be pushing it in the long run as there is always the temptation to overload the machine. I would expect a 3 phase motor to perform better than a single phase equivalent, anyway.
I increased the motor power on a gearbox machine by 20% (I found I could run a higher rated 415V motor at lower horsepower with a 240V VFD). I am careful not to stress the gearbox by using extra ‘grunt’ as it is old and might be awkward/expensive to repair/replace if I ruined it. The soft start of the VFD helps on that side of things, of course.
Edited By not done it yet on 24/06/2020 21:40:26