Well here's part two...
1950 Delta/Milwaukee model 1460 heavy duty lathe. This is the lathe part of the $100 purchase my dad and I found. It was also in great shape, though it didn't have a motor or a stand. We sandblasted it at the same time we did the WT BS and just slowly started collecting parts. We know we wanted variable speed and figured a VFD would be just the ticket. I found a NOS Marathon 2ph 3ph 1800rpm motor for $20. It was in the box and had never been installed! A check with Marathon found it was built in 1971 so it's old iron too . Factorymation recently reduced the price on the FM50 VFDs so I picked one up a few months ago. All we needed now was a set of legs. We wanted the original cast iron ones, but their hard to come by, especially at a reasonable price. Well, luck would have it, I found a set of original cast iron legs for a good price on Craig's list right up the road. At that point I had everything in hand except the boards. With a bit of detective work I found the original specs for the boards which were originally pine. Pine just seemed cheap, so I picked up some ash and built the boards, even got a bit of curl in them .
We made a box with a small 220v fan and filtering for the VFD to keep the cool and the dust out. The door is Plexiglas so I can keep an eye on it. The control stalk is just a 6"X6" box and the controls all mount within, main power for the VFD and a indicator light so I know when the power is on, forward/stop/reverse and a potentiometer to control the speed. The wiring was straight forward, just took it slow. Everything works great and the 2hp has so much torque on the low speed pulley setting it ain't funny.
My dad and I are both in 1 car garages so a mobile base is mandatory. The base is a Northern Tool 1200lb model. The base originally came with short spreaders though. We picked up some 1 1/4" square tubing and stretched it . Everything from the base up works great! Threw a 10" piece of wet maple on it and had a ball making shavings today. The power is awesome and the 0-full throttle speed control is the ticket! The only thing left is to get this stupid grin off my face