I'm planning to add a 3 phase motor and a VFD unit to my Hobbymat MD65 lathe.
The lathe has a slow-speed attachment fitted, providing 78 and 156 rpm speed (or perhaps 63 and 125 rpm, according to other source) in addition to the original speeds of 250, 500, 1000 and 2000 rpm.
The original motor is 0.25 kW (1/3 hp) 2840 rpm motor.
I'm going to use a new 0.37 kW (1/2 hp) 3-phase motor and a VFD unit to power it.
I am trying to figure out the following:
1) Buy a 2-pole (same rpm as original) or 4-pole motor (half the speed)?
I've read many discussions of this topic (with regards to various models of lathes), and most people recommend a 4-pole motor (which can then be sped up by the VFD to >3000 rpm, if high speed operation is necessary). A 4-pole motor will give better torque at slow speeds, arguably where it's needed the most. I can't think of a case where I would want the lathe to go faster than 2000-2500 rpm. It also doesn't seem to be a problem, that the motor's torque will somewhat drop if it is run at high speed – I can't think of a case where it would be necessary to have lots of torque available at high speed. I've seen it mentioned by someone that a 2-pole motor might be better with regards to cooling (since it's spinning faster). No one else in the discussions had this concern, though.
2) Would it make sense to remove the slow-speed attachment, or would it be better to keep it? Perhaps the original 4 pulley combinations would be quite enough with the VFD fitted? Especially if I get the (half-speed) 4-pole motor.
I am not sure if the slow-speed attachment will need some modifications, because the new motor is somewhat larger than the original one (frame size 71, original is 63 – moving the motor shaft 8 mm closer in the change gears direction).
3) With the original pulleys & V-belts, would I see the benefit from the additional torque? I've read some stories where people had to convert to poly-V belts (if I understand correctly, that involves making new pulleys with multiple grooves to suit new belts).
4) Tachometer / RPM display
I'd like to measure and display the actual spindle speed, since the VFD would only display the motor speed, regardless of the belts reduction. Can anyone recommend a ready-made product (not too expensive), or a how-to on how to make it (I've seen some solutions involving e.g. a 3D-printed toothed wheel at the back of the spindle, with an LED+phototransistor pickup mounted next to it, but there were not enough details, also there was info about the actual display of the RPM). Would be good not to spend too much money on this. I can solder a bit 
Thanks!