Thanks for the ideas guys. I am not electrical sharp so I would need help making the VFD. I am not sure what VFD stands for, V must be variable. Is F for phase? And D for device?
I had heard that a phase converter was a pain so did not want to go that route.
An older fellow about a half mile from me has a 12" craftsman (Atlas) with a lot of tooling, and also a Bridgeport, in his basement. He will not part with the lathe or Bridgeport real soon. I would like a little heaver lathe and that is where the three phase would come in. I am not sure what powers the Bridgeport. Need to make a little room in my garage first.