Depends what the existing motor is. Apparently the earlier ones came with single phase while the later ones came with a variable speed motor, I don't know what sort, but quite likely some sort of DC motor or a universal type of AC motor. To use a VFD you would need a three phase motor, so it very probably would require you to buy both the motor and the VFD. So unless the existing motor is a three phase one, it would be quite an expensive exercise, although still probably worthwhile.
John