A hand-held unit is a good thing, I have a cheap chinese one that I use in my business, it works fine, but you have to hold it, not surprisingly. The other alternative, which was discussed at length in the recent thread called “Tachometer Design”, is a built-in add-on device. There was a kit offered ny someone on the web about 8 years ago, based on a PIC microprocessor. Don’t know if it worked, but I built one for myself, see the pictures in my album. This has the virtue of being always on, versus the handheld unit.
A last alternative, since you have a VFD, is to use the speed output(s) of the VFD. All VFDs I have ever seen have an output that gives the speed it is set to, or the speed it is actually going at. This may be an analogue output, typically 0-10V DC for 0 to max configured speed. Hook it up to a 10V meter, either a digital panel meter with a couple of resistors or a moving coil if you can find one (you could just use a multimeter too, they are pretty cheap these days). Other VFDs may havea digital output of some kind, but usually they are designed for use with CNC.
Both of my VFDs (one is Allen-Bradley, the other AC Tech) can be set up to display the speed on the VFD front panel itself (but some VFDs have no front panel). You can typically scale the output (by setting VFD parameters) so that it displays any desired relationship between motor frequency (Hz) and the actual spindle speed. Unfortunately, if you have a gearbox, or change speed device, this changes when you change the belts or change gears. The fancier VFDs can accept a gear number input and use the appropriate ratio, but not the simple ones like mine.
What I did on my machines is to make the little PIC tachometer for the mill, as I change gears a lot but it isn’t easy to do, so I use the variable speed feature quite a bit. However on the lathe, there are a lot of gears and it is easy to change, so I only really use the VFD as a 3-phase converter. I did create a spreadsheet to convert the VFD frequency to RPM for each gear, but I rarely use it.
One last thopught: if you have no speed output, you will have a speed input to the VFD. This is usually a potentiometer. If you measure this voltage (again it usually goes from 0 to 10V), you can see what speed is being commanded.
Jed