I've been researching and the Hobby Machinist Forum has lots of information. Mark Jacobs (mksj) there has developed some very nice setups for Precision Matthews lathes. The PM lathes are somewhat similar to mine, except they are gear drive spindles, and mine is a belt drive.
My lathe is essentially identical to a Jet BDB-1340 (not the BDB-1340A, which has a different style of quick change gearbox) the the extent that many of the part numbers in the manual match the Jet numbers of the BDB-1340A! It has a D1-4 chuck mount and a 1-1/2" spindle bore. It was made in 2004, but hardly used before the motor burned up. It is one of many Asian lathes of that period that seem identical except for the name on the headstock!
I ended up buying a Hitachi WJ-200-015LF because of Mark's extensive wiring diagrams. They make it straightforward to do the installation, wiring, and programming. I'm going to use a 2 HP, 1725 RPM, 3 phase motor with a 145T frame size. This should give me a great range of spindle speeds, and I can change the belts if I need to slow it way down, and engage the back gears if I need to. I'm putting a magnetic tachometer on the spindle so I won't have to do calculations.
Here are a couple of photos of the machine after some clean up. It was covered with dirt, oil, and swarf. It looked really ratty when I inspected it, but it turns out that most of the dirt layer was actually the cosmoline from the factory! The face plate and 4-jaw chuck still had paper wrapping, and the mounting pins had never been installed in the 4-jaw. It came with the stand, steady and follower rests, turret tool post, two dead centers, headstock Morse Taper reducer, tool kit, and a keyless drill chuck for the tailstock.