I can’t honestly see the need for variable speed on a tool grinder.
I assume that the existing motor would run at a fixed speed as most tool and cutter grinders would, if you can establish what that is then select an appropriate single phase motor.
You may have to go for a two pole version if the grinding wheels are about 4″ diameter to get the speed you need.
Hell of a lot cheaper than an inverter.
Len P.
Edited By The Merry Miller on 19/12/2011 16:09:37