VFD Question

[f350ca]

Thanks for the insight guys. I've had zero experience with VFD's up to this point. I have a solid state phase converter that operates the two lathes but it offers no speed capabilities, straight 60 hz but it doesn't care what the load is up to 10hp. Went that route for the Summit lathe, it has a 10 hp spindle motor, 3/4 hp rapid traverse motor on the carnage and a small coolant pump, all 3phase. I could get a 3phase input VFD but then I'd have to run 3 phase wiring to the cabinet shop and put a remote on/off on the converter.