I picked up a reference to this from another forum which I thought I'd play with on my ML7.
The inverter I have has a frequency readout which directly relates to motor speed and thence, by a series of graphs to spindle speed for each of the pulley ratios. I have the graphs on a single sheet pinned to the wall next to the inverter.
I do understand though that it's less fuss to have a direct tachometer readout and hence the eBay purchase.
Most of the time, actually, I just crank up the speed a say "yeah – that looks about right" (to no one in particular).