So, I was fortunate enough to win a Powermatic 1150 (circa 1967) for a good price in an online auction. It's got the Reeves drive variable speed control and currently has a 3 phase motor -- original as far as I can tell. Of course, I only have single phase power in my home shop. I know many folks implement a VFD with 3 phase drill presses, but I don't really need the variable speed control of the VFD since the press already has that capability. The other option, of course, is to swap out the motor for a single phase. I expect this would be a more expensive option for a quality American-made motor. Other than price, are there are factors to consider in choosing a VFD or a new motor?

Thanks,
Tom