I recently picked up a Baldor 7" 1/2 HP grinder on a homemade stand. Problem is it's a 3 phase unit. Thinking about getting a static phase converter, as low as $59 shipped on Ebay for my HP rating. I realize the static converter will drop my HP rating to 1/3. Or should I sell or trade it for a single phase unit? I will also have to add another 220V outlet to my shop to run it but not a bad idea anyways since I recently bought a 220 welder and I only have one outlet in the shop at present for it. Thoughts/suggestions?