So thinking I might keep this 2hp monster grinder if I can find a decent and affordable VFD. [snip] Would like have 115V 1ph input but could live with 230V if need be.
-For 2HP, 230V in will be a requirement. I don't think you can get a 110V VFD for anything bigger than a 1HP motor.
Personally, I have two from Automation Direct, one from ACTech, and three from GE. All of them have been pretty much 100% reliable. I got a good deal on the three GE's, slightly used, but if/when it comes time to buy another, chances are It'll be more AD's, since that seems to be the best value-per-cost I can find. (They're not cheap no-names from eBay, but are still fairly inexpensive.)
And for your grinder, you will either need to get the optional braking resistor, or set the VFD to unpowered/coast when shut off. (In other words, no controlled braking or ramp-down.) Otherwise it'll trip out, and coast down anyway. Won't hurt the VFD- at least it shouldn't- but you'd have to reset it before starting the grinder again.
Also, if you just use "coast", you'll have to let the wheels come to a nearly complete stop before restarting, else it'll trip out again.
I found this out when (temporarily) running my 2HP Queen City 12" pedestal grinder on one of the Automation Direct VFDs. It worked, if operated as I said, but now I just run it off my rotary converter.
Doc.