Fit a 3 phase motor every time, the motors are cheaper to make, simpler in construction, smoother in operation and cheap.Smooth like a V6 to a single cylinder engine. However, why pay through the nose for a package, VFD are very reiable, almost bullet proof.Buy a pre-owned VFD and with the motor,wire it up your self all for about £150 max. There are plenty of information details on how to alter the connections on a 3 phase motor, how to make a remote control station and how to alter the internal VFD programme.Its not at at difficult. If you look on Home Work shop there is a guy who often advertises VFD for sale, contact him, much cheaper than the package job. I was very fortunate,I bought three used VFD, at different times, from an auto jumble sale, all worked. I also bought second hand motors for £10 or £12 each altered the connection, down loaded the info, then made remote control box. It took time but saved a lot of money. My inverters were intended to be mounted within a control panel, so I got a sheet steel box from my usual supplier.I drilled a lot of ventilation holes in the top and bottom, at the top I fixed a piece of mesh and also made 4 spacers,
Using them, I bolted on top over the mesh and holes a piece of sheet steel about 20mm all round wide than the holes and mouted it, a bit like a Chinese Pergoda. The box with the inverter inside is screwed to the wall and I control the lathe,mill or drill via the control boxes, one at a time. My home brew set up has been working for the past 6 or 7 years. I have read about motors over heating when running slow due to the lack of cooling air and for a the first couple of years used to check them, never been a problem.
There was good article in MEW about making digital read out so I copied the ideal. I hope I have convinced you, tried my best.If you need any info send me an email.Ted