Sounds like you only need a fixed low speed for checking things not a full range variable speed system. If so its probably better to investigate some form of mechanical speed reduction. Using poly-Vee belts a two stage "back belt" style system can be made very compact with a dog clutch to change from normal to low speeds. There are a couple or three designs floating around. But that assumes you have appropriate Model Engineer to Home Workshop metal bashing facilities.
If you've not got metalwork facilities maybe look into the imported sewing machine motor and controller units which are generally said to have a speed range from 500 to 4000 rpm. Claimed maximum power is usually round 500 W, 2/3 rd HP which should be plenty.
Just arrange mounting and swap pulleys. Easy enough on a bench mount but a Mardrive cabinet may be harder.
Typically in the £80 to £100 region. Less costly than a 3 phase motor and proper VFD set-up. Supplied as a complete unit so it ought to just work. Made by the million for commercial sewing machines so ought not to have quality worries. The Tag, Sherline and other mini-machine communities generally speak well of the devices.
Clive