John.
You can access a .pdf copy of the SEM MT range technical manual here.
That motor requires 20A to generate it's rated torque, so quite a meaty drive on a single phase supply + it is a constant torque motor, where there is no constant power range – much like the DC motors fitted to Chinese mini-lathes but much, much gruntier & more robust.
A 3 phase 1 KW 4 pole motor generates approx 6.6 Nm & a 1.5 Kw motor approx 9.9 Nm at rated speed, so such a replacement would be either a bit less or a bit more than you have at the moment. Runnning a 50 Hz 4 pole motor at around 138Hz would get you the same 4000 rpm top speed. The DC motor is capable of sitting stalled all day generating it's rated 8.5Nm with a suitable drive, which a 3 phase motor on an inverter would be decidedly unhappy doing – if you do a lot of lower speed running, fitting a separate blower to cool the motor in place of the rotor fan would help here . The reality is that the Parker SSD drive will probably be a fairly basic device (though I note that there are wires to the tachogenerator for speed feedback) & probably will have a miniumum speed setting above stalled.
I'm not up on how much a 1 / 1.5Kw 3 phase motor & inverter would cost at the moment, though probably not much more than your quoted DC drive replacement. As I am aware that spares for the SEM MT range are OOP & increasingly difficult to obtain now, and that may help sway your decision – and when parts were readily available they were pricey. The last tachogenerator armature I bought (15 years or more ago) was over £350 +Vat IIRC (they can go open circuit on one or more windings – only solution when that happens is to fit a replacement).
HTH
Nigel B.