Hi Grant, I'd add Warco to your list of milling machine suppliers. I have a WM16B, copes very well with my 5" gauge build. For gauge 3 the WM12 or WM14 would be ample and more easily man-handled but the larger size can be occasionally useful.
Re Boxford, to use the existing motor you need to ensure that it is delta connected, not star, Look on the motor plate. if it is star then it can probably be changed with a biit of know-how.
For my Boxford, I bought inverter and motor from Inverter Drive Supermarket. Altogether with wiring and control switches the cost was about £250, bit higher now, but you have the motor. A separate control pendant is almost essential IMO..(Tip, choose an inverter with a downloadable "easy start guide" which gives an idiots guide to wiring up the controls.)