This summer I bought a 42 Unisaw that was 3phase and only 1.5hp. I picked it up for $153 and it came with a static phase converter. It was local pickup only and was 183 miles away. So after a 12 hour day of driving, and many stops since I brought the wife and kids, it was still worth it. Even with that "small" motor, it could cut 2" oak all day. So there is another option to you, a static or rotary phase converter. You can build a static unit for pretty cheap with just a potential relay, starting capacitor, and running capacitors. You would need about 30uF/HP as the running caps. The potential relay connects to the starting cap and gets kicked out when the motor gets up to speed just like a centrifugal switch on a 1 phase motor. There are plenty of plans on the net for them as well. Now if you do use a static converter you only get 2/3 power out of the motor, so mine became effectively a 1hp saw. I just put a 5hp 3 phase idler motor on the static converter, and now its a rotary converter. Now I get full power from the saw. Commercial units will be more phase balanced than what i described here, but homemade units can be balanced as well. All you need are more capacitors and a good dvm with clamp on ammeter. If its just for a saw there is no need though. Your not running any sensitive CNC circuitry here. So for $45 in capacitors and $25 for the relay, you'd have it running. Whatever you end up doing to get the saw running I am sure you will love it. Good luck.
Chris