Thanks Everybody, I've tried most of what everybody suggested…
Nigel: the cheat they make is that there are 2 belt positions, I always use the lower speed one… It's a real pain to change it… You have to remove the chip guard, minimum 45 mins awkward work (maybe simpler if not back to a wall)
Old Mart: Mechanically it's fine, I put new quality bearings in and if I run it up to speed with my cordless drill it's silent and smooth on the run down…
Simon: I think the centrifugal switch is ok, you can hear it move when the motor runs down, and all seemed free and clean when it was dismantled.
I've had it in pieces 3 more times, and it always has a vibration when running, exactly how much varies with the assembly of the case, machining was not the best…. It would be ok on a concrete mixer, but now too rough for my lathe.
I've lost a couple more weeks (and 40 quid in bearings and capacitors) now, so it will be a new 3 phase motor and inverter… Just need to decide what brand of motor – AMTEC, TEC, TECO and Brooks Crompton seem in vogue at this size… Any opinions welcome
Thanks Mark