I've already tried the VSD route in similar circumstances albeit on a Mk 2 Bantam. I took the original two speed motor off and replaced it with a single phase one, but didn't like the crash start stop, so changed it for a 2 HP 4 pole motor with a VSD to match. I couldn't put the original motor back IIRC because it was a 400 volt motor and didn't have the terminals for the necessary connections for 230 volts. I never imagined (as I have since seen here) diving into the motor and finding the star point connection.
The VSD is configured to give soft start and DC braking to stop; you can't do this if the VSD is supplying other stuff as well as the lathe main motor.
Even though the original motor was 3HP my 2HP works well, except in high speed top gear (2000rpm) when it will only start if the gearbox oil is warm. So 2HP is marginal, but for the limitations of the supply to my shed I'm happy. I run the low range speeds with the inverter giving 50 Hz, and the high range at 100 Hz. I'd love to know if someone has tried running the low range at 25 HZ and the high at 50 Hz because this way the motor should be more efficient and might be man enough to pull the top 2000RPM speed, but it's a laborious experiment to try. The beauty of the frequency based speed change is that no switching of the motor connections to the inverter is needed, and as has been said above this is a no-no.
Looking at the commentary above about RCD's the concept of current balance isn't really the place to start. The internals of an RCD measure the vector sum of the current passing through the device, provided all of the out-flow current and all of the return current is passed through the sensor the total current taking account of direction and magnitude will always be zero. With a single phase device this explanation reduces to the one above about the current in the two wires being balanced, but with a three phase RCD the sum of the currents in all four wires (including the neutral if it is used) always sums to zero. If there is a bypass path around the sensor inside the RCD for the current – supply or return – then the vector sum of the currents is no longer zero, and out pops the trip. So the three phase load doesn't have to be balanced. "Balanced" means that the magnitude of the current drawn on all three phases is the same.
The inverter may have other ideas, as most won't tolerate gross imbalance in the load applied to them, it gives 'em indigestion .
Pedantically, an Earth Leakage Circuit Breaker is a different animal, and for these purposes is obsolete. However the industry tends to use the two terms interchangeably, but what you need is an RCD (Residual Current Device).
And thanks to Nicholas Farr for picking up the point about a 110 volts site transformer is really a two phase 55 volts source, with the centre tap connected to earth. The concept here is that (according to historical editions of the wiring regs) 55 volts is (nearly) a safe touch voltage. As I remember it, that isn't to say that you can't get a shock off it, and in unfavourable conditions I guess it could be lethal, but it is low enough not to cause involuntary movement. There is still a contradiction in the 17th edition in that 24 volts is deemed to be "Safety extra low voltage" but 55 volts is acceptable on a construction site because the safe touch voltage is 50 volts – as used for calculating earth path impedance criteria.
My recollection is that provided you don't apply enough volts to the skin to break down the skin resistance you would be very unlucky to get enough current to pass though the heart to cause fibrillation starting from a 50 (55!) volt source. The same is not true of cows, IIRC, which is why the regs have special requirements for farm buildings.
To return to the original post, I guess the answer is that the original two speed motor is unsuitable (without a lot of modification) for running on an inverter, the choices are either to go single phase (clonky!) or a single speed motor and corresponding VSD (more money, but a very nice machine results).
HTH Simon
Edited By Simon Williams 3 on 27/04/2016 19:58:30
Edited By Simon Williams 3 on 27/04/2016 20:09:56