Using LV/LC connectors is really not a particularly good idea for something that could pull a kW.
How often will you need to unplug the motor from its driver in reality (if ever)? In that case just replace plug with a suitable screened 3 core cable and grommet, hard wiring board to motor for the UVW output. The 5 pin plug for the Hall sensors can remain as is.
The reversing is likely (and this is a guess without seeing the actual switch and board connections) a LV logic switch using two (or three) wires – make one direction of rotation, break for the other direction rotation. As someone has pointed out, this is wired via the rotary switch having one of the poles carrying the neutral AC so the power is cut to the board and the motor is stopped, Ugh! A nasty kludge so you cant instantly flip the motor from 6000 rpm one way to 6000 rpm in reverse. Presumably this is because the control board does not have sufficient built in logic control for a more elegant solution.
One has to ask the question, how often and for what purpose do you need to run your mill in reverse? I had a WM16 for about 15 years and never once needed to reverse the direction (other than for idle curiosity), but I am sure someone will come up with an answer.
Two solutions for this: change the labelling on your switch (easy), or more involved, swap one of the logic leads to the other switch way on the relevant switch pole (careful because at least one of the other poles is carrying mains voltage).This may tale a bit of investigation with a multimeter to confirm the correct switch terminal.