My question is: would be it be crazy to put a big 12 inch, 5 hp 3 phase jointer in my residential basement, and run it with a rotary phase converter, on a 100 amp service, while also running a 3 hp (single phase) cyclone dust collector?
I am a finish carpenter, and I make furniture on the side. Currently I have small shop set up in my 1 car garage (table saw, bandsaw, lathe and workbench), and an 8 inch jointer and 14 inch planer set up in my walkout basement. I don't use my machines very often, but plan on using them a lot over my lifetime. (Eventually I want to build a shop so I can do more millwork, but I do not have funds for that right now.)
I bought a used "phasemaster" rotary phase converter last fall because it was a good deal and because I eventually want run a large jointer, planer, shaper and dust collector.
I am wondering if there are any safety risks with running a rotary converter? An electrician I know didn't think it was a big deal but said people sometimes talk about fire risk?
Any thoughts would be much appreciated.