I have 3 tools (table saw, band saw, lathe) that can be wired for 240. In fact, in my old house I did have them wired for 240. When I moved to my new place, I didn't have the 240 volt outlets, so I rewired my tools for the 120 outlets. There is no difference that I can tell in the performance of the tools. But I had always been under the impression that having them wired at 240 was more economical, since it draws less amps. Then the other day I had an electrician rewire my basement for my shop. I decided not to have him put in any 240 outlets for my tools. He told me that it doesn't gain you any more power and that it was LESS economical. Because you have to double the amount of amps it draws.
So, what advantange to you gain from having 240?
Stefan