Thanks both, I've wired up the motor and inverter, so over the weekend I'll have a play with that setting it up.
I also have a Meddings in a quite sorry state, the same as one recently posted on here in a 'what is a Meddings drill worth' thread, so I can't draw any honest comparison yet as I'm yet to fully dismantle it.
Yours is the floor standing model Ajax, so other floor standing equivalents might be comparable, but in the bench top category I don't think there's many comparable, Obviously the Kerry iterations which appear to be linked in design closely, but there aren't many bench top drills rated for putting a 20mm hole in steel.
I'll take a look at the Meddings when time permits and possibly give it the same treatment, although it's not back geared so it will not be replacing this, which model of Meddings do you have Ajax?